Catylist ID:
#30808037
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 |
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 |
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