Development Opportunity, 25 Units/Acre

Vacant Land for Sale
Catylist Listing ID: 30867784
Property Subtypes: Industrial, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 3.52 Acres
Sale Price: $700,000
Unit Price: $198,863 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/11/2024

Overview / Comments

3.52 Acres of HC/LI zoned land in Escambia County, Pensacola Florida. Future Land Use of Commercial allows for the development of up to 25 Dwelling Units Per Acre according the the Escambia County Land Development Code. FEMA maps confirmed the property is within an X Flood Zone. Located at the corner of Chaseville and Melburn Ave, the property's proximity to Downtown Pensacola, I-110, NAS Pensacola and Beaches makes this site highly desireable for development. Melburn Ave was recently paved and with County Approval Only, could be vacated with easement access given to adjoining parcels for added acerage to the site. The parcel adjoins ECUA's property which gives this site availability for sewer access. Demographics within a 5 mile radius include a Total Population of 118,735 with an Average House Hold Income of $51,527

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: COUNTY MSTU
Tax ID/APN: 382S303000000000
Zoning: HC/LI
Property Located Between: W Navy Blvd and Chaseville St.
Property Visibility: Good
Legal Description: Lengthy In File
Largest Nearby Street: W Navy Blvd
Traffic/Vehicle Count: 20,000
Airports: Pensacola International Airport
Site Description: 3.52 Acres zoned Heavy Commercial and Light Industrial with a Future Land Use of Commercial located at the corner of Chaseville St and Melburn Ave in the Warrington Overlay of Unicorporated Escambia County. Just one parcel to the south of W Navy Blvd with access to I-110 just 3.5 miles distance. Centrally located with Downtown Pensacola 3 miles to the east and NAS Pensacola 3.5 miles to the south west
Area Description: Pensacola's MSA provides N/S and E/W connectivity with it's 2 Federal Interstates, 3 Federal Highways and 8 State Highways. Additional infrastructure includes Pensacola International Airport, Direct Rail with CSX Transportation, Genesee & Wyoming, and the Port of Pensacola. According to the Florida West Economic Development Alliance, "The Department of Defense (DoD) is the largest economic engine in Greater Pensacola, with more than $7.8 billion in total economic impact. Greater Pensacola Region is home to Naval Air Station (NAS) Pensacola, Saufley Field, Corry Station, Naval Hospital Pensacola and Whiting Field. The Greater Pensacola area is home to more than 35,000 military retirees—the second largest concentration in the nation."
Lot Frontage: 174
Lot Depth: 780
Zoning Description: Zoned Heavy Commercial and Light Industrial with a Future Land Use of Commercial
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,928 69,178 137,656
Median Age: 34.05 36.73 36.96
Households: 4,150 27,178 51,850

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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