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: |
10/22/2020 |
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)
|
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 |
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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