Downtown Waterfront Redevelopment Tract - Sanders Beach

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30808037
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Vacation/Resort, Other
Gross Land Area: 4.70 Acres
Sale Price: $5,900,000
Unit Price: $1,255,319 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2023

Overview / Comments

We are thrilled to present to you a rare waterfront land tract that boasts million-dollar views of the stunning Pensacola Bay.

Located in the vibrant downtown area, this land parcel offers a prime location for a variety of development projects. To ensure transparency and ease of development, a survey of the land, and a Phase II Environmental have been completed and are readily available. All utilities are available on the site.
The location is convenient to the Pensacola Yacht Club, Entertainment Venues, The Blue Wahoo Stadium, Area Restaurants, Shops, and Markets.

The 4.7-acre site was once the location of a popular waterfront apartment complex that was damaged in Hurricane Ivan and has been vacant since.

Current Zoning - base density allows for 165 units for the size of the lot.
Note: Density bonus potential if appropriate development options are employed. Planning Board can grant a 35% density bonus for a combination of a superior site design, public benefit, affordable units, and green building techniques.

Survey Available
Phase II Completed
Utilities Available to the Site

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City of Pensacola
Tax ID/APN: 000S009080071177
Zoning: C-1
Property Located Between: Cypress Street and Pensacola Bay
Property Visibility: Excellent
Legal Description: In File
Largest Nearby Street: Main
Feet of Frontage: 649
Airports: Pensacola International
Site Description: Cleared Level beautiful 4.7 Acre site on the bay. Phase II is available. All utilities are available on the site.
Area Description: Historic and beautiful, the coastal city of Pensacola, Florida is rich in culture with over 500 years of history, it offers a vibrant and thriving quality of life. Businesses are relocating to Pensacola for its business-friendly atmosphere, lower cost of living, and tapping into the skilled talent pool that is readily on hand through the pool of Military retirees who choose to retire here. Besides its pinnacle location on beautiful Pensacola Bay, the site is conveniently located within walking distance to the Maritime Baseball Stadium & entertainment venue, a bevy of fantastic local restaurants, breweries, and shops. It is minutes from the Pensacola Yacht Club and area marinas. Pensacola is a seaport on beautiful Pensacola Bay, which is protected by the barrier island of Santa Rosa and connects to the Gulf of Mexico. Pensacola is renowned for its world-class coastal and saltwater fishing opportunities with visitors coming from all over the world to fish in the beautiful blue-green waters of the Gulf of Mexico. In 2022 Pensacola had another record-setting tourism year with a 7% increase from the previous year. 2.5MM visitors visited Pensacola, FL in 2022 spending $1.3B.
Lot Frontage: 649
Lot Depth: 598
Zoning Description: C-1 City of Pensacola
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Cable, Internet Access, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,607 46,914 126,759
Median Age: 42.67 39.32 37.6
Households: 1,693 19,646 48,534


Photograph of Listing Agent

DeeDee Davis, SIOR

NAI Pensacola Gulf Coast CMLS Member
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