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: $2,970,000
Unit Price: $151,762 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/1/2024

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 on the beautiful Bayou Garcon. The property is in Pensacola, FL's most sought-after beach communities, Innerarity Heights and Perdido Key. The site consists of 6contiguous parcels and has proper zoning for single-family residential homes;+/-16.57-acres of the property is zoned "Com" Commercial, and +/- 3 acres of the site is zoned "LDMU, Low-Density Mixed-Use." The site could be developed with 423 dwelling units under the current zoning laws. The property features over 1,378 feet of unobstructed views, a pier extending into the Bayou Garcon, all private and public utilities, and plenty of privacy. The property will not have an HOA; however, there are building restrictions required to be recorded at closing. Per Escambia County, the homes will need to be built on piling, and there is a mandatory wetland buffer setback requirement of 40 feet. The waterway, natural wetlands, and surrounding nature serve as the perfect natural amenities. The property is 4 minutes to the public beach at Perdido Key,5 minutes to the back gate of Pensacola Naval Air Station, and is close to shopping, restaurants, and entertainment. Experience the luxury and beauty the Gulf Coast has to offer with this waterfront opportunity.

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 5,723 24,534
Median Age: 40.97 39.54 41.68
Households: 513 2,234 10,100

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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