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

View FullscreenMap

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


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.