Beachfront Land + Development Opportunity!

Vacant Land for Sale
Catylist Listing ID: 30598681
Property Subtypes: Multi-Family, Vacation/Resort
Gross Land Area: 1.20 Acres
Sale Price: $1,600,000
Unit Price: $1,333,333 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/8/2020

Overview / Comments

Prime investment opportunity this 1.2± acre beachfront property retains 17 entitlements, has SD drawings, and preliminary siteplan approval for a luxury condo project. Approx 60 days out from siteplan approval/development order. Opportunity to incorporate waterfront property directly across the street with potential for 8+ boat slips, 5 add entitlements and additional parking.
-Land acquisition or option rights to purchase land across the street
-Environmental assessments completed
-Surveys completed
-Site plans and schematic design drawings complete
-Beach house permit received
-No Rezoning process or public hearings required

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 064S322850000000
Property Located Between: On Perdido Key Drive adjacent Molokai Villas
Property Visibility: Excellent
Legal Description: Parcel ID: 064S322850000000
Largest Nearby Street: Perdido Key Drive
Feet of Frontage: 100
Traffic/Vehicle Count: 11,500
Highway Access: Perdido Key Drive aka Hwy 292
Airports: Jack Edwards National Airport- 14.7 miles; Pensacola International Airport- 26.5 miles
Site Description: 1.2± acres, 100± ft Beachfront Lot, High Density Residential (HDR-PK), 17 entitlements w/retail option AND opportunity to purchase 100' waterfront lot directly across the street, 5 additional entitlements, 8+ boat slips & 30± parking spaces
Area Description: -Unique High-end Residential Development with gulf-front residences and opportunity for riverfront with 8+ boat slips, and 3+ parking spaces per unit -Great opportunity for an investor or developer who wants to by-pass the lengthy approval process and the typical upfront risk and uncertainty -Includes preliminary site plan approval, schematic design drawings, beach mouse permit, surveys including geotech, boundary, topo, CCCL, environmental
Lot Frontage: 100
Lot Depth: 488 feet
Zoning Description: Commercial
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,501 5,448 7,436
Median Age: 56.73 51.23 49.88
Households: 715 2,531 3,397

Contact

Photograph of Listing Agent

Cheryl Stovall

NAI Mobile, LLC Gulf Coast CMLS Member
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