72 Unit Multifamily Apartment Development
Vacant Land
for Sale
| Catylist Listing ID: |
30872536 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
3.89 Acres
|
| Sale Price: |
$1,225,000 |
| Unit Price: |
$314,910 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/6/2024 |
Overview / Comments
|
An exceptional multifamily development opportunity is available in Northwest Florida on +/- 3.89 acres. This location offers easy access to US Highway 98, the primary route for the panhandle Florida markets, and links to other key Pensacola submarkets. The seller has an approved Development Order for a 72-unit apartment complex, and the property is zoned as High-Density Residential (HDR). Centrally positioned within the Pensacola market, the site is near Pensacola High School, Escambia High School, Pensacola State College, Ascension Sacred Heart Hospital, Baptist Hospital, restaurants, beaches, and Naval Air Station Pensacola.
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Tax ID/APN: |
212S311308000001 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hwy 98 W |
| Traffic/Vehicle Count: |
19,400 |
| Highway Access: |
Yes |
| Airports: |
Pensacola International Airport |
| Zoning Description: |
High-Density Residential |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,530 |
53,413 |
112,109 |
| Median Age: |
35.3 |
34.56 |
35.62 |
| Households: |
1,935 |
19,563 |
41,242 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
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