Land within Mixed Use Development

Vacant Land for Sale
Catylist Listing ID: 30568670
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 0.75 - 2 Acres
Sale Price: $600,000 Per Acre
Sale Terms: Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 2/20/2020

Overview / Comments

Be a part of this 52+/- Acre Multi-Use Development located a half-mile west of I-10 & Nine Mile Rd (Exit 5) in NW Pensacola in the fast-growing Beulah Community Just east of Navy Federal Credit Union's Heritage Oaks Campus (7,100 +/- employees & over 8000 expected in the next year and expanding to over 10,000 employees by 2021)

Phase 1- 350 Apartments - UNDER CONSTRUCTION -Move-in begins Q4 2020
Phase 2- 300 Garden Style Apartment - Construction starts Q4 2020
Phase 3- Commercial/Retail Development (Land Sale/Build to Suit/Retail for Lease)

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 101S312100000001
Zoning: COM
Property Located Between: 9 Mile and I-10
Property Visibility: Excellent
Traffic/Vehicle Count: 31,500
Site Description: The 52 is designed with luxury living in mind. The development will include up to 900+ Luxury apartments with 1500 to 2500 residents in walking distance. PHASE 1: "Inspire" is under construction and includes 350 luxury four-story elevator served apartments to begin tenant move-in by the end of 2020. Inspire features a state of the art full-service gym, bar, saltwater pool, smart home technology in every unit, and high speed WiFi throughout the property including every resident unit and all indoor and outdoor amenity areas. PHASE 2: Includes 300 family-focused apartments with construction expected to start Q4, 2020 PHASE 3: Commercial Development of retail pad sites that will be developed offering build to suit and lease opportunities. Lots can also be acquired. The attached SAMPLE site plan shows a proposed layout for the commercial development. There is flexibility and customization for prime retail end-users.
Part of Planned Development?: Yes
Development Name: The 52

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 24,596 61,300
Median Age: 43.04 40.48
Households: 9,630 23,866

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