3 Acres-Palafox @ Olive-Zoned HC-LI
Vacant Land
for Sale
Catylist Listing ID: |
29623202 |
Property Subtypes: |
Industrial, Office, Retail, Self Storage
|
Gross Land Area: |
3.04 Acres
|
Sale Price: |
$375,000 |
Unit Price: |
$123,355 Per Acre |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
3/2/2021 |
Overview / Comments
Price reduction....from $425,000!!!
176' frontage on Palafox just north of Olive with 73 ' frontage on Olive (see drawing). Seller has plans and engineering for a retail center originally planned to be built on this property.
Property is located in NE quadrant of Olive and Palafox. Ideal location for neighborhood retail development.
Owner will consider financing.....25% DOWN...7.9% TERMS NEGOTIABLE.
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Additional Details
Nearest MSA: |
Pensacola-Ferry Pass-Brent |
County: |
Escambia |
Taxing Authority: |
Escambia County |
Tax ID/APN: |
21-1S-30-1101-005-042 |
Zoning: |
HC/LI |
Market Type: |
Medium |
Property Located Between: |
Just off Olive Rd |
Side of Street: |
East |
Road Type: |
Paved, Highway |
Property Visibility: |
Excellent |
Legal Description: |
Lengthy in file |
Largest Nearby Street: |
Olive Rd |
Feet of Frontage: |
176 |
Traffic/Vehicle Count: |
11,000 |
Highway Access: |
Fronts on Palafox (Hwy 95a) |
Airports: |
Pensacola International |
Site Description: |
Level site with frontage on Palafox and Olive |
Area Description: |
Mixed of commercial and residential in the area. |
Lot Frontage: |
176 |
Lot Depth: |
600 |
Zoning Description: |
Heavy Commercial- Light Industrial. Allows for most commercial uses. |
Topography: |
Level |
Easements: |
Utilities |
Soil Type: |
Mixed |
Available Utilities: |
Electric, Water, Gas, Cable |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
5,719 |
61,668 |
148,643 |
Median Age: |
35.34 |
36.39 |
38.04 |
Households: |
2,241 |
24,061 |
58,305 |
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