6+ ACRES WATERFRONT RESIDENTIAL DEVELOPMENT OPPORTUNITY

Vacant Land for Sale
Catylist Listing ID: 29983482
Property Subtypes: Mobile Home Park, Multi-Family, Residential (Single Family)
Gross Land Area: 6.36 Acres
Sale Price: $370,000
Unit Price: $58,176 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 12/14/2017

Overview / Comments

The Military has said that many more personnel are coming to Pensacola so this area of town will just keep growing! This is one of the few larger developable parcels left on Bayou Grande and is perfect for a large estate like the one next door to it or a waterfront high density residential development . About 3/4 of the parcel is in flood zone "X" and with the restricted MDR zoning this 6+ acres could be developed into about 18 dwelling units. There is County right-of-way access but the road was never built. The Gerald Road County right-of-way continues to the east along the north boundary of the parcel to access the property. Property is wooded. A document is attached that gives Navy Flight zone info for the property. The western property line can be seen from the end of Wade Ave on the other side of the cleared property and home that lies there. The distance from the corner of Wade & Gerald to the northwest corner is about 310 feet.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 33-2S-31-1000-001-089
Zoning: MDR
Legal Description: Escambia County Property Appraiser 332S311000001089 - Full Legal Description LTS 38 40 41 & 61 BLK A & W 1/2 OF 5TH AVE ADJ LTS 38 TO 41 & 61 & AILEEN AVE N OF LT 61 BLK A GULF BEACH MANOR PB 1 P 16 OR 1017 P 776 LT 89 LESS GULF BEACH MANOR DB 327 P 331 BEYREUTH S/D PLAT DB 74 P 100 SEC 33/4 T2/3S R31 OR 2997 P 356
Largest Nearby Street: GULF BEACH HWY
Airports: Pensacola Inernational
Site Description: CALLING ALL TOWNHOUSE, ZERO LOT LINE, PATIO HOME OR APPARTMENT DEVELOPERS! OPPORTUNITY FOR A FINE WATERFRONT DEVELOPMENT! ABOUT 60 UNITS POSSIBLE ON OVER 6 ACRES. CONTACT LISTING AGENT FOR MORE INFO.
Area Description: GROWING WITH MORE NAVY PRESENCE AS WELL AS RETIREES. BAYOU GRANDE IS A BEAUTIFUL BAYOU FOR FISHING & BOATING. ONE OF THE BEST FOR KAYAKING AND CANOEING IN THE AREA.
Lot Frontage: 340
Zoning Description: MEDIUM DENSITY RESIDENTIAL - 10 UNITS PER ACRE
In Flood Plain?: Yes
Topography: Level
Soil Type: Mixed
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,763 31,568 71,919
Median Age: 36.5 34.11 35.27
Households: 1,643 11,866 26,548

Contact

Photograph of Listing Agent

Warren Ted Brown

Real Estate Counselors, Inc. Gulf Coast CMLS Member
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