North Hill Property

Special Purpose for Sale
Catylist Listing ID: 30736477
Building Size (RSF): 5,722 SF
Gross Building Area: See Agent
Gross Land Area: 0.65 Acres
Sale Price: $292,500
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2021

Overview / Comments

This large lot located on the Northern boundary of North Hill includes a building which is given no value and has no warranty. This beautiful lot may be developed as one stately home site; divided into two larger lots; or is suitable to be divided into three residential lots. The property is being sold As-Is and future subdividing is the responsibility of the Buyer.

The property is zoned R-1AAA. This is a Low Density Residential Land Use for single family homes.

In the following package, we are providing proposed site plans prepared to comply with the zoning requirements of R-1AAA. The site plans consider minimum lot area, setbacks, minimum lot width’s (75’), etc. These are only suggestions to illustrate the development opportunity of three residential lots that meet the zoning requirements.
The great news for the three proposed lots is the opportunity for Ancillary Residential Units. This allows these three lots to have Mother-In-Law suites, ABNB options, or just long-term rental opportunities for cash flow.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 000S009010001122
Zoning: R-1AAA
Property Located Between: Jordan and Barcelona Streets
Largest Nearby Street: Spring
Feet of Frontage: 196
Highway Access: Cervantes
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1955
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Zoning Description: City Zoning R-1AAA SINGLE FAMILY (R-1AAA)
Lot Frontage: 196 Feet
Lot Depth: 150 Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 1 through 5 and a portion of 23 and 24, Block 122 No Highland Belmont Tract.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,981 69,645 143,739
Median Age: 40.18 37.84 38.51
Households: 4,245 27,495 58,046


Photograph of Listing Agent

Daniel A. Zimmern

Scoggins, III
Gulf Coast CMLS Member
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