Pensacola Blvd. Redevelopment

Vacant Land for Sale
Catylist Listing ID: 30867811
Property Subtypes: Industrial, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 6.24 Acres
Sale Price: $1,895,000
Unit Price: $303,685 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/4/2024

Overview / Comments

Pensacola Blvd. redevelopment land available! This is a combination of 2 parcels that stretch from Pensacola Blvd. (Hwy. 29) all the way over to N. Palafox St., giving this land multiple points of ingress/egress. There is a median cut along Pensacola Blvd. allowing easy access both north and southbound. There is currently a +/- 7,560 SF metal building fronting Pensacola Blvd., a +/- 880 SF concrete block garage and a +/- 1,822 SF home fronting N. Palafox that can be renovated to utilize once again. The eastern portion of the property is currently being used as an RV/trailer park with current tenants on a month-to-month basis (land leases). The park has the ability to increase occupancy, creating better cash flow or leases can be terminated and redevelopment can take place. There is an underground gas line easement in place that runs from Pensacola Blvd. east to N. Palafox, dividing the 2 land parcels and currently acts as a private drive. Pensacola Blvd. currently has +/- 32,066 Average Annual Daily Traffic "AADT" (2023 FDOT), while N. Palafox has an additional +/- 9,600 "AADT". This property offers many possible "new development" scenarios from office, retail, restaurant, office/warehouse, multi-family and more! Located 1/2 mile north of 9 Mile Road intersection and 2.5 miles north of Interstate 10! If you're looking for a large piece of dirt for redevelopment in a booming corridor of town or revitalizing existing structures and use, then here's your opportunity! DRG Featured!

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 081S303103000001 & 081S303103000022
Zoning: COMMERCIAL
Property Located Between: 9 1/2 Mile Rd. and 10 Mile Rd.
Property Visibility: Excellent
Legal Description: North Parcel: LTS 1 TO 13 AND PART OF LT 14 BEVERLY HOMES NO 2 PB 2 P 71 DB 497 P 365 OR 7340 P 485 SEC 8/9 T 1S R 30 South Parcel: LTS 22 TO 29 BEVERLY HOMES NO 2 PB 2 P 71 OR 564/1036 P 895/377 OR 7340 P 485 LESS OR 2356 P 347/349 CREIGHTON BEVERLY HOMES NO 2 PB 2 P 71 SEC 8/9 T 1S R 30 W OR 1036 P 377
Largest Nearby Street: Pensacola Blvd. (Hwy. 29)
Feet of Frontage: 105
Traffic/Vehicle Count: 30,003
Highway Access: Fronts Hwy. 29; Fronts N. Palafox St. and 2.5 miles north of Interstate 10
Airports: Pensacola International Airport
Area Description: Located along the major thoroughfare of Hwy. 29, just north of 9 Mile Rd.. 9 Mile Rd. is an east/west road with heavy retail, multi-family, The University of West Florida and Navy Federal Credit Union (employing over 10,000)!
Lot Frontage: 105'
Lot Depth: 617'
Zoning Description: Commercial zoning, allowing for office, retail, multi-family and others....
Topography: Level
Easements: Pipelines
Easements Description: There is an underground gas easement that divides the 2 parcels of land.
Soil Type: Sandy
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,733 47,581 99,182
Median Age: 34.74 39.83 37.66
Households: 1,825 18,865 38,624

Contact

Photograph of Listing Agent

Logan DeVries, MiCP, CPM

DeVries Realty Group, LLC Gulf Coast CMLS Member
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