4.84 Acres on Pine Forest Rd

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30745618
Property Subtypes: Multi-Family, Retail, Self Storage
Status: Pending/Contingent
Gross Land Area: 4.84 Acres
Sale Price: $480,000
Unit Price: $99,173 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2024

Overview / Comments

4.84 Acres COM/HDMU in NW Pensacola centrally located between Interstate 10 and Mobile Hwy corridor. This property has convenience for interstate travelers as well as proximity to major retailers with Pine Forest Corners retail center located 1 minute's drive time to the south and Pensacola Interstate Fair Grounds just behind the retail center. Demographics within a 5 mile radius include a Total Population of 89,188 and an Average House Hold Income of $57,472.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: COUNTY MSTU
Tax ID/APN: 251S314207000000
Zoning: COM/HDMU
Property Located Between: Mobile Hwy and I-10
Property Visibility: Excellent
Legal Description: S 210 FT OF W 1050 FT OF NW1/4 OF SE1/4 DB 256 P 57 CASE 88-161 CP-03 OR 7255 P 674 OR 7486 P 1924 OR 7501 P 1287 LESS RD R/W
Largest Nearby Street: Pine Forest Rd
Feet of Frontage: 210
Traffic/Vehicle Count: 19,400
Highway Access: Centrally located between I-10 (3 miles), Mobile Hwy (0.5 miles) and I-110 (8 miles).
Airports: Pensacola International Airport, Naval Air Station Whiting Field
Site Description: Current split zoning includes approximately .74 acres of Commercial zoned land and 4.10 acres of High Density Mixed Use, with the Future Land Use as MU-U (Mixed Use Urban). Both zonings and future land use allow for 25 units per acre. Public utilities are not connected to the property but are available at the boundary lines for Public Water, Gas, and Electric. The lot includes a curb cut and side walks along the 210 ft of road frontage on Pine Forest Rd.
Area Description: This high traffic area (AADT 19,400) is centrally located within the established suburban Pine Forest neighborhood comprised of medium to large single family homes. This area also provides a 56.7% higher income neighborhood when comparing similar neighborhoods in America, with over a third of the population employed in executive management and professional occupations.
Lot Frontage: 210
Lot Depth: 1000
Zoning Description: Commercial and High Density Mixed Use. Future Land Use MU-U
Topography: Level
Available Utilities: Electric, Water, Gas
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,850 51,940 127,020
Median Age: 40.15 37.98 37.39
Households: 1,819 19,703 49,057


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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