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: |
7/8/2024 |
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!
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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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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