Catylist ID:
#30827367
| Catylist Listing ID: | 30827367 |
| Property Subtypes: | Multi-Family, Office, Residential (Single Family), Other |
| Gross Land Area: | 6.50 Acres |
| Sale Price: | $2,500,000 |
| Unit Price: | $384,615 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 10/2/2023 |
Overview / Comments
|
This 6.5 acres is portion of a larger parcel located just off of University Parkway between Davis Highway and Nine Mile Road. This is a great location for a medical office, senior living, multifamily or other uses. Current zoning is COM (commercial) and HDMU (high density mixed use). Future land use is MU-U (mixed use urban). Access is just west of the lighted intersection of University Parkway and Johnson Ave. Additional access to the property is available from University Parkway with the purchase of an additional parcel listed by another broker. A wetlands assessment was performed in 2021 which determined approximately an acre of wetlands on the property, which includes a man-made pond that can be seen from the aerial photo. The property on the corner of University Parkway and Johnson Ave. has been purchased by Harvester's Federal Credit Union and will become their headquarters and a credit union branch. This development will open up the visibility for this property from University Parkway. There are several family members living on the property, so PLEASE do not walk the property without contacting the listing agent first. The owners assume anyone unexpected on the property is a tresspasser and will respond accordingly. |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Tax ID/APN: | a portion of 141S305405000001 |
| Zoning: | COM AND HDMU |
| Legal Description: | E 408 FT OF W 908 FT OF E 17 56/100 CHNS OF S 19 CHNS OF LT 5 LYING N OF JOHNSON AVE OR 104 P 756 OR 2486 P 625 OR 5249 P 2001/2003 OR 5270 P 203 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,266 | 58,374 | 134,571 |
| Median Age: | 33.04 | 37.04 | 38.28 |
| Households: | 4,864 | 24,980 | 54,017 |
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