19.57 Acres Waterfront Land

Vacant Land for Sale
Catylist Listing ID: 30360861
Property Subtypes: Multi-Family, Residential (Single Family), Retail, Vacation/Resort
Gross Land Area: 19.57 Acres
Sale Price: $3,250,000
Unit Price: $166,070 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/9/2019

Overview / Comments

Rare developer opportunity to purchase 19.57+/- acres of waterfront land in Pensacola, FL. The property would be an excellent site for a possible condo or residential development with its prime location just over the bridge from the Perdido Key beaches. The site consists of 6 contiguous parcels with over 1,378 feet of frontage along Bayou Tarcon. 16.57+/- Acres of the property is zoned "C-1", Commercial District, which allows for a variety of commercial and residential uses. The remaining 3+/- acres of the site is zoned "SDD", Special Development District which allows a maximum density of 3 dwelling units per acre. The site could potentially be developed with a total of 423 dwelling units under the current zoning laws. The property features a pier extending into the Bayou Garcon which is surrounded by wetlands on the property. All private and public utilities are available to the site.

Owner will consider subdividing the property and selling the property as individual tracts.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 143S322000019019, 143S322000000021, 143S322000001021, 143S322000001018, 143S322000000013, 143S322000000012
Zoning: C-1 & SDD
Legal Description: The property consists of 6 parcels: 143S322000019019, 143S322000000021, 143S322000001021, 143S322000001018, 143S322000000013, 143S322000000012
Zoning Description: 16.57+/- Acres of the property is zoned "C-1", Commercial District, which allows for a variety of commercial and residential uses. The remaining 3+/- acres of the site is zoned "SDD", Special Development District which allows a maximum density of 3 dwelling units per acre.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,218 1,750 24,534
Median Age: 40.97 44.16 41.68
Households: 513 783 10,100
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