37+ acres on Hwy 87 near Turkey Bluff Rd.

Vacant Land for Sale
Catylist Listing ID: 29550039
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 37 Acres
Sale Price: $800,000
Unit Price: $21,621 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2018

Overview / Comments

This offering includes a large parcel of vacant land near the corner of Highway 87 and East Bay Blvd./Turkey Bluff Rd. With access from Highway 87 and from Turkey Bluff Road, there are over acres of usable uplands in this section, all of which are zoned HCD. The parcel also includes additional HCD land at the southern most part of the parcel and residentially zoned wetlands.

The corner acreage has recently been developed and the Family Dollar store is open. There is a cross easement agreement in place to allow for access from the curb cut on that property into the remaining acreage to the south. Another section of the original parcel on Highway 87 has been sold and there is also a cross easement agreement in place to access the curb cut for that property.

Traffic count is 18,000+ daily and is expected to continue to increase.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 092S260000002000000
Zoning: HCD, R1
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Legal Description: See file/request from agent
Largest Nearby Street: Highway 87, East Bay Blvd/Turkey Bluff Road
Traffic/Vehicle Count: 18,000
Transportation: Bus, Highway, Airport, Taxi
Highway Access: Highway 98 to Highway 87
Site Description: 40.56 +/- acres on Highway 87 just south of the intersection of Highway 87 and Turkey Bluff Road. There are additional portions of the larger parcel that are also available.
Lot Frontage: 1,400+ feet on Highway 87
Lot Depth: irregular - refer to map
Zoning Description: HCD, R1
Topography: Level

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,135 28,525
Median Age: 35.1 36.09
Households: 7,889 10,726
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