1.86 +\- acres on University Parkway

Vacant Land for Sale
Catylist Listing ID: 30356257
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 1.86 Acres
Sale Price: $225,000
Unit Price: $120,967 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2019

Overview / Comments

1.86 +\- acres is available near the corner of University Parkway and Johnson Avenue. This prime parcel is surrounded by healthcare facilities and multifamily complexes along one of the busiest corridors in Pensacola.

This property is approximately one mile south of Nine Mile Road and is one mile north of Interstate 10, so it is easily accessed by major highways. It has a curb cut along University Parkway and a turn lane/median cut for cars traveling north along University Parkway. It is ready for a variety of development possibilities.

A wetlands assessment has been done for this property. Contact listing agent for more information.

This offering is a portion of a 5.72 acre parcel.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 141S305403000000
Zoning: COMMERCIAL
Property Located Between: Davis Highway and Nine Mile Road
Property Visibility: Excellent
Legal Description: A portion of: E 250 FT OF E 17 56/100 CHNS OF S 19 CHNS OF LT 5 N OF RD OR 1332 P 44 LESS OR 997 P 742 RD R/W AND ALSO BEG SE COR OF SEC S 89 DEG 20 MIN 03 SEC W ALG S LI OF SD SEC 2633 18/100 FT TO SE COR OF GOVT LOT 5 N 00 DEG 15 MIN 00 SEC W ALG E LI OF SD GOVT LOT 5 231 27/100 FT TO PT ON NLY R/W LI OF JOHNSON AVE (50 FT R/W) SD PT FOR POB CONTINUE ALG SD E LI OF GOVT 5 N 00 DEG 15 MIN 00 SEC W 240 77/100 FT N 89 DEG 45 MIN 00 SEC E 10 FT TO IRON ROD ON W R/W LI OF UNIVERSITY PARKWAY (100 FT R/W) S 00 DEG 15 MIN 00 SEC E ALG SD W R/W LI OF UNIVERSITY PARKWAY 233 03/100 FT TO A POINT ON NLY R/W LI OF JOHNSON AVE S 52 DEG 01 MIN 53 SEC W ALG SD NLY R/W LI 12 65/100 FT TO POB ALSO BEG AT SE COR OF SEC S 89 DEG 20 MIN 03 SEC W ALG S LI OF SEC 14 2633 18/100 FT TO SE COR OF GOVT LOT 5 N 00 DEG 15 MIN 00 SEC W ALG E LI OF GOVT LOT 5 532 04/100 FT TO POB N 00 DEG 15 MIN 00 SEC W ALG SD E LI OF GOVT LOT 5 240 FT N 89 DEG 45 MIN 00 SEC E 10 FT TO IRON ROD ON W R/W LI OF UNIVERSITY PARKWAY (100 FT R/W) S 00 DEG 15 MIN 00 SEC E ALG SD WEST R/W LI OF UNIVERSITY PARKWAY 240 FT TO IRON ROD DEPARTING SD W R/W LI PROCEED S 89 DEG 45 MIN 00 SEC W 10 FT TO POB ALSO BEG AT SE COR OF SEC S 89 DEG 20 MIN 03 SEC W ALG S LI OF SD SEC 2633 18/100 FT TO SE COR OF GOVT LOT 5 N 00 DEG 15 MIN 00 SEC W ALG E LI OF SD GOVT LOT 5 832 04/100 FT FOR POB CONTINUE N 00 DEG 15 MIN 00 SEC W ALG E LI OF SD GOVT LOT 5 240 FT N 89 DEG 45 MIN 00 SEC E 10 FT TO IRON ROD ON W R/W LI OF UNIVERSITY PARKWAY (100 FT R/W) S 00 DEG 15 MIN 00 SEC E ALG SD W R/W LI 240 FT TO IRON ROD DEPARTING SD W R/W LI S 89 DEG 45 MIN 00 SEC W 10 FT TO POB OR 2411 P 340 OR 6543 P 802 OR 6813 P 1409 LESS OR 2411 P 338 HALL LESS OR 2941 P 970 QUIGLEY
Largest Nearby Street: Davis Highway and Nine Mile Road
Traffic/Vehicle Count: 22,000
Highway Access: Interstate 10 and Nine Mile Road are within one mile of the property.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,687 58,374 130,101
Median Age: 34.56 37.04 38.4
Households: 3,732 24,980 52,351

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