3.53 Acre Development Site

Vacant Land for Sale
Catylist Listing ID: 30857204
Property Subtypes: Industrial, Multi-Family
Gross Land Area: 3.53 Acres
Sale Price: $1,595,000
Unit Price: $451,841 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2024

Overview / Comments

Great development site available for purchase. This 3.53 acre site includes 220 feet of frontage along the north side of Nine Mile Road/Highway 90 between Bowman Avenue and Cove Avenue. This property has good visibility, high traffic counts, great demographics, and is located in the fastest growing area of
Pensacola. Potential uses for the property include retail, shopping, schools, medical, offices, convenience stores, restaurants, apartments, single family homes, churches, and/or motels. The site is high and dry with no wetlands indicated on maps, and is located in Flood Zone X (areas of minimal flooding).

Property Highlights:
Great 3.53 Acre Site
High Visibility
Zoned HC/LI
Close to Highway 29
Between Lowe's, Home Depot, and New 240 Unit Apartment Development
28,500 Average Daily Traffic Count

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 091S302101090006
Zoning: HC/LI
Property Located Between: Pine Forest Road and Bowman Avenue
Property Visibility: Excellent
Largest Nearby Street: W Nine Mile Rd
Area Description: This 3.53-acre property is located on the north side of Nine Mile Road, also known as Highway 90 in Pensacola, Florida. This is the major east west thoroughfare in North Pensacola. This property is located between Interstate 10 and Highway 29 (within two miles of both), which allows access to most anywhere in Pensacola within fifteen minutes.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,117 37,506 103,942
Median Age: 40.52 40.46 37.79
Households: 3,028 14,865 40,534

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