Catylist ID:
#29623202
3 Acres-Palafox @ Olive-Zoned HC-LI
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: | 29623202 |
| Property Subtypes: | Industrial, Office, Retail, Self Storage |
| Status: | Pending |
| 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: | 6/15/2021 |
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. |
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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