Prime Retail Corner Parcel - Pensacola's Cordova Mall Market

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29537580
Property Subtypes: Retail, Retail-Pad
Status: Pending/Contingent
Gross Land Area: 1.46 Acres
Sale Price: $1,700,000
Unit Price: $1,164,383 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2021

Overview / Comments

Prime Retail Corner Parcel - Pensacola's Cordova Mall Market

Approximately 1.46 acres available for sale or ground lease located at one of the most heavily-traveled intersections of Pensacola's premiere retail, office, and medical office sub-market.

This property is a great site for drug stores, banks, restaurants, convenience stores, and numerous other free standing retail and office uses.

- Fantastic development site for retail, restaurant, or office/medical office
- 1.46 Acres on hard corner at one of Pensacola's most-traveled intersections
- 68,000 vehicles daily
- Located in Cordova sub-market, Pensacola's premier retail and medical epicenters
- Available for Sale - $1,700,000
- Available for Ground Lease - $130,000/Year

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 351S302101003001
Zoning: C-1
Property Located Between: Davis Highway & Airport Boulevard
Side of Street: Southwest
Road Type: Paved
Highway Access: Interstate 110
Airports: Pensacola International Airport
Site Description: This 1.46 acre parcel sits on the southwest corner of one of Pensacola's busiest intersections. Over 68,000 vehicles pass by this site daily - 35,000 traveling east-west on Airport Boulevard and 33,000 traveling north-south on Davis Highway. The site has approximately 238 feet of frontage on Airport Boulevard and 213 feet of frontage on Davis Highway. The property is the former site of the operations for Florida Rock & Tank Lines, who recently moved to a new facility in Pensacola.
Area Description: Located in the Cordova Mall core retail area, this property is in an extremely desirable location. The lack of available land and space is a huge barrier to entry for retailers looking to enter the Northwest Florida's premier retail market. Located just west of Cordova Mall, the largest shopping center in Northwest Florida, this property is situated just blocks away from Sacred Heart Hospital, Pensacola State College and Pensacola International Airport. Nearby national retailers include Lowe's, Home Depot, Sam's Club, McDonald's, Panda Express, Fresh Market, Marshall's, Ulta, DSW, TGI Friday's, hhgregg, Dunkin' Donuts, Aspen Dental, Barnes & Noble, Gander Mountain, PetCo, Miller's Ale House, Rooms To Go, and a brand new Mattress Firm and Outback Steakhouse across the street.
Lot Frontage: 213
Lot Depth: 222
Development Name: Prime Retail Corner Parcel - Pensacola's Cordova Mall Market
Soil Type: Mixed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,870 77,003 170,398
Median Age: 31.49 37.14 38.39
Households: 3,402 30,560 69,679


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