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: |
4/26/2021 |
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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