3.5 Acre Developer Opportunity Next to University Town Plaza

Vacant Land for Sale
Catylist Listing ID: 30393508
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 3.50 Acres
Sale Price: $1,650,000
Unit Price: $471,428 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2019

Overview / Comments

Take advantage of this opportunity to be a part of the revitalization of Simon Property Group's University Town Plaza. This site has great ingress/egress, as it is situated at the lighted intersection of Creighton Rd. and Plantation Rd. The size and location of this land are unique and offer the flexibility of many uses including hotel, retail, medical and more. The retention is held off site, as the parcel was included in the master retention engineering plan, making the entire 3.5 acres fully developable. Owner will consider dividing.

This land is located next to University Town Plaza, which consists of Big Box stores including JCPenny, Burlington Coat Factory, Academy Sports & Outdoors and other shops and restaurants such as Jimmy Johns, Cheddar's, Texas Road House, Moe's, Dickey's BBQ, Simply Greek, Wild Honey Frozen Yogurt and Egg & I. Neighboring Hotels consist of Hampton Inn & Suites, Towne Place Suites, Springhill Suites, Fairfield Inn and Suites and Courtyard all by Marriott, Baymont Inn and Suites and RedRoof Inn to name a few. The land is less than half of a mile south of the I-10 / Davis Hwy interchange. This is one of the busiest interchanges in Pensacola with 60,000 Cars Per Day on Davis Highway. A major driver to this trade area is West Florida Hospital - with more than 500,000 SF and the University of West Florida with enrollment of approximately 13,000 students.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 301S304101000000 & 301S304101001002
Zoning: HC/LI - HEAVY COMMERCIAL LIGHT INDUSTRIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,304 61,077 162,239
Median Age: 33.11 36.69 38.55
Households: 4,113 25,226 65,652
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