6.9 acres - HCD - Approved for Multi-Family

Vacant Land for Sale
Catylist Listing ID: 30729211
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Self Storage
Gross Land Area: 6.90 Acres
Sale Price: $690,000
Unit Price: $100,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/30/2024

Overview / Comments

Located less than a half mile south of I10, this 6.9 acre parcel has been rezoned to HCD, with conditional use approval for multi-family. One concept layout has 32 townhouses, while the size of the parcel and zoning will allow up to 69 +/- apartment units. The zoning allows for a multitude of other commercial uses. Note that the property also connects to Carl Booker Rd in the rear. This area of the County is rapidly gaining new development. A new "resort style" RV Park covering 65 acres is being completed at the southwest corner of Interstate exchange, while a new Truck stop is being constructed at the northeast corner. Also close by: NAS Whiting Field, Santa Rosa NOLF Airport, NW FLA Industrial Park @ I-10, Santa Rosa Industrial Park, city of Milton and town of Navarre. Site is high and dry, no wetlands. Documents attached are: Survey, Zoning approval, HCD permitted uses & townhouse concept.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 09-1N-27-0000-00400-0000
Zoning: HCD
Property Visibility: Excellent
Highway Access: Hwy 87
Airports: Pensacola International Airport
Zoning Description: This district is designed to provide for a wide range of uses in appropriate and easily accessible locations adjacent to major transportation corridors and having access to a wide market area. This district is intended to be situated along selected segments of major thoroughfares in the vicinity of major intersections.
Topography: Level
Easements: Electric Lines
Easements Description: Gulf Power easement is roughly 1.9 acres, at the rear of the property.
Available Utilities: Electric

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,537 16,221
Median Age: 38.72 37.67
Households: 2,458 5,104


Photograph of Listing Agent

Scott Jennings

Olde City Realty Gulf Coast CMLS Member
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