1699 N Hwy 29

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 28222561
Property Subtypes: Multi-Family, Residential (Single Family), Retail, Other
Status: Pending
Gross Land Area: 99.45 Acres
Sale Price: $4,000,000
Unit Price: $40,221 Per Acre
Sale Terms: Cash to Seller, Other
Last Updated: 11/29/2023

Overview / Comments

The subject property is a 99.45-acre vacant land tract that is well placed
on HWY 29 N. with over 1,707 feet of frontage, providing superior access and visibility. Perfect for multi-family / mixed-use development. The property is zoned LDMU on front 58.95 AC and MDR on rear 40.50 AC.

LDMU Zoning allows for 7 units per acre
MDR Zoning allows for 10 units per acre

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: County MSTU
Tax ID/APN: 031N312101000000, 041N311101000000
Zoning: LDMU & MDR
Property Visibility: Excellent
Legal Description: In file
Largest Nearby Street: HWY 29
Feet of Frontage: 1,707
Airports: Pensacola International Airport
Site Description: Property has easy access to I-65 to Montgomery, Birmingham, and I-85 to Atlanta.
Area Description: The property is located in the fastest-growing area of Pensacola. Nine Mile Road is a major east/west artery in North Pensacola. Escambia County anticipated the booming growth in the area by implementing the now completed $46 million dollar road project that widened Nine Mile Rd to 4 lanes from Beulah Rd to U.S. 29 and addressed drainage and school infrastructure throughout the area.
Lot Frontage: 1707.159
Lot Depth: 3809
Zoning Description: LDMU Zoning - Low Density Mixed-Use District. MDR Zoning - Medium Density Residential District Low Density Mixed-use district (LDMU). (a) Purpose. The Low Density Mixed-use (LDMU) district establishes appropriate areas and land use regulations for a complementary mix of low density residential uses and compatible non-residential uses within mostly suburban areas. The primary intent of the district is to provide for a mix of neighborhood-scale retail sales, services and professional offices with greater dwelling unit density and diversity than the Low Density Residential district. Additionally, the LDMU district is intended to rely on a pattern of well-connected streets and provide for the separation of suburban uses from more dense and intense urban uses. Residential uses within the district include most forms of single-family, two-family and multi-family dwellings. Medium Density Residential district (MDR). (a) Purpose. The Medium Density Residential (MDR) district establishes appropriate areas and land use regulations for residential uses at medium densities within suburban or urban areas. The primary intent of the district is to provide for residential neighborhood development in an efficient urban pattern of well-connected streets and at greater dwelling unit density than the Low Density Residential district. Residential uses within the MDR district are limited to single-family and two-family dwellings. The district allows non-residential uses that are compatible with suburban and urban residential neighborhoods.
Topography: Level
Soil Type: Mixed

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 27,878 68,327
Median Age: 39.9 38.31
Households: 10,520 26,643


Photograph of Listing Agent

John Griffing, ALC, CRE, SIOR

NAI Pensacola Gulf Coast CMLS Member
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