Commercial and Multifamily Development Land- 9 Mile Rd

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30573134
Property Subtypes: Industrial, Multi-Family
Status: Pending/Contingent
Gross Land Area: 3.39 Acres
Sale Price: $695,000
Unit Price: $205,014 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2022

Overview / Comments

This land is high and dry , level, and ready to build on. Great for developing apartments or townhouses. Near Navy Federal Credit Union and a couple of miles from I-10. Location, location, location; this is one of the best in Pensacola for multifamily development. Directly behind a daycare and close to schools.

Motivated Seller!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 091S302101103005
Zoning: HC/LI
Property Located Between: Bowman Avenue and Nine Mile Rd
Property Visibility: Good
Legal Description: This property consists of 5 parcels in Escambia County. See Legal Description Attachment.
Largest Nearby Street: 9 Mile Rd
Highway Access: Interstate 10 and Hwy. 90 (Nine Mile Rd)
Airports: pensacola international airport
Site Description: Wooded and cleared. Possible old house on property not given value.
Area Description: Fast growing area with new housing, schools, and hospitals.
Zoning Description: HC/LI
Development Name: Apartment Development
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,717 39,391 97,934
Median Age: 40.57 40.45 37.81
Households: 2,457 15,486 37,685


Photograph of Listing Agent

David P Wu

Alliance Real Estate
Gulf Coast CMLS Member
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