1.47 Acres - Condo Development Site - Lost Key Marina & Yacht Club

Vacant Land for Sale
Catylist Listing ID: 30348094
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Vacation/Resort
Gross Land Area: 1.47 Acres
Sale Price: $679,000
Unit Price: $461,904 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2018

Overview / Comments

The offering consists of 4 parcels totaling 1.47 acres off Gulf Beach Highway that is primed for condo development. Attached to the listing is the proposal and site plan for a 16-unit residential development. The asking price for the 1.47 acres is $679,000. The property is immediately adjacent to Lost Key Marina & Yacht Club (which is being offered separately).

$679,000

4 Parcels Totaling 1.47 Acres

Adjacent to Lost Key Marina & Yacht Club

Marina Being Offered Separately

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 243S311102005004
Area Description: The subject property is located on Sinton Drive, which is off of Gulf Beach Highway and immediately adjacent to Lost Key Marina & Yacht Club. The property is located just minutes from Perdido Key & Pensacola NAS, which is dominated by a high level of military employment. Pensacola NAS is one of the heavy draws of traffic to the immediate area. Perdido Key is undergoing rapid retail, medical, and single-family home development. The subject property, with views of Big Lagoon and a location less than 3 miles from the Pensacola Pass, would serve as an outstanding condo or townhome development site. The subject property is approximately 10 miles southwest of Downtown Pensacola and minutes away from Orange Beach, Alabama, which is home to many attractions including the world famous Flora-Bama.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,638 12,421 39,278
Median Age: 38.66 34.13 33.91
Households: 660 4,729 13,650

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