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: |
8/5/2020 |
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 |
|
© 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.
|
