.7 Acres Gulf Front Land

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30351365
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Vacation/Resort
Status: Pending/Contingent
Gross Land Area: 0.70 Acres
Sale Price: $865,000
Unit Price: $1,235,714 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2019

Overview / Comments

Rare opportunity to purchase .7 acres of Gulf Front land located along the Gulf of Mexico in Perdido Key. The land is zoned CCPK, Commercial Core and would be the ideal location for a residential home or Multi-family project. The property would also be a candidate for assemblage with adjoining parcels so that economies could be obtained for a larger and more profitable type of development. There is highly desirable waterfront amenity to the land with good access via a paved, public roadway. The property is proximate to very popular resort destinations and benefits greatly from the presence of adjacent public utilities. The property has a beautiful white sand beach and direct shoreline along the Gulf of Mexico. There currently is a boarded up single-family dwelling on the site.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 143S321001000056
Property Located Between: Perdido Key Drive and River Rd
Property Visibility: Excellent
Legal Description: Legal Description W 50 FT OF LT 56 & E 25 FT OF LT 57 GULF BEACH S/D PB 4 P 52 OR 7383 P 600 SEC 14/26/27/34/35 T3S R32W
Largest Nearby Street: Perdido Key Drive
Feet of Frontage: 75
Lot Frontage: 75
Lot Depth: 321
Zoning Description: Intent and purpose of district. This district is composed of lands and structures used primarily for intense residential development and retailing of resort-related commodities and services. The regulations are intended to permit and encourage mixed use development, including high density residential, hotels and motels, and commercial uses associated with resort areas. The maximum density is 13 dwelling units per acre. Uses permitted include a wide variety of commercial development. Highlights of the CCPK zoning excerpted from the County Land Development Code are as follows: 1. Any use permitted in the C-1PK district. 2. Hotels and motels. Maximum density shall be 25 units per acre. 3. Commercial amusement and commercial recreational facilities, including miniature golf courses. 4. Any uses which are similar or compatible to the uses permitted herein that promote the intent and purpose of this district. Determination shall be made by the planning board (LPA).
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,366 8,840
Median Age: 45.94 43.98
Households: 1,519 3,685
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