3.31+/- Acres Corner Location - US Hwy 90 & West Spencer Field Rd

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30758211
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 3.30 Acres
Sale Price: $1,625,000
Unit Price: $492,424 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/4/2022

Overview / Comments

This is a corner location in the heart of Pace, FL. The assemblage offers road frontage of 700'+/- along Hwy 90 the main arterial traffic corridor for this area with average daily traffic counts of 34,000.

This property is located at the intersection of West Spencer Field Rd providing an additional 320'+/- of road frontage along with an average daily traffic count of 10,400. This property shares an additional 200'+/- along Plant Avenue.

Access along Pace Lane is also available with any new development.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 16-1N-29-0000-03000-0000; 09-1N-29-3010-00000-1410; 09-1N-29-3010-00000-1400; 09-1N-29-3010-00000-1590
Property Located Between: West Spencer Field Road and Hwy 90
Property Visibility: Excellent
Legal Description: See County Records for these parcels: 16-1N-29-0000-03000-0000; 09-1N-29-3010-00000-1410; 09-1N-29-3010-00000-1400; 09-1N-29-3010-00000-1590
Largest Nearby Street: US Highway 90
Feet of Frontage: 700
Traffic/Vehicle Count: 34,000
Highway Access: Access is great for this property with corner location allowing for access on all for sides of this property.
Airports: Pensacola Airport to the West
Site Description: The property is primarily cleared with a single family structure that is given no value in this sale. Pace Lane has been vacated allowing for maximized use of the assembled parcels.
Area Description: The Community is growing rapidly with residential and commercial development focused mainly on the arterial traffic corridors.
Lot Frontage: 700'
Lot Depth: 320'
Zoning Description: HCD: Highway Commercial Development
Development Name: N/A
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,113 24,035 54,044
Median Age: 38.19 38.16 38.9
Households: 1,216 9,005 20,154


Photograph of Listing Agent

Trey Potts

Salter Commercial LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Paul Salter, CCIM

Salter Commercial LLC Gulf Coast CMLS Member
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