Vacant Land For Sale

Vacant Land for Sale
Catylist Listing ID: 30775223
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 1.79 Acres
Sale Price: $599,000
Unit Price: $334,636 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/20/2021

Overview / Comments

Excellent vacant commercial land opportunity in Pensacola, FL. The +/- 1.79-acre property is located along Gulf Beach Hwy (6,200 AADT), which connects to Perdido Key and Blue Angel Pkwy (19,000 AADT). Gulf Beach Hwy is within 10 minutes to the Pensacola Naval Air Station and 20 minutes to downtown Pensacola. The property has good visibility and exposure on Gulf Beach Hwy and would be a great site for a restaurant, office, or tourism business. There are numerous marinas, yacht clubs, boat storage facilities, and other tourism-based businesses along the waterfront. The waterfront is within walking distance of the property, offering beautiful natural scenery nearby. National retailers close to the property include Walmart, Target, Starbucks, Sonic, Synovus Bank, AT&T, and many more. Pensacola has a strong economy due to its tourism, military presence, housing, and retail demand.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia
Tax ID/APN: 243S311102000001
Zoning: COM
Property Visibility: Good
Traffic/Vehicle Count: 6,200
Area Description: Pensacola is located on Florida’s Gulf Coast near the Florida/Alabama state line. The Pensacola market has experienced explosive growth in recent years due to the high population growth and strong median income. The strong economy and tourism has fueled the housing and retail demand in Pensacola over recent years. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. The property is in close proximity to the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and the beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,611 9,692 32,820
Median Age: 37.84 35.79 35.55
Households: 2,111 3,743 12,748

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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