Catylist ID:
#30876315
Redevelopment Opportunity Pensacola Blvd / Palafox Hwy
Vacant Land
for Sale
| Catylist Listing ID: | 30876315 |
| Property Subtypes: | Industrial, Multi-Family, Office, Self Storage, Other |
| Gross Land Area: | 2.50 Acres |
| Sale Price: | $799,000 |
| Unit Price: | $319,600 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/13/2024 |
Overview / Comments
|
Two adjacent commercial lots were combined to form a 2.50-acre property located on the busy Pensacola Boulevard. This prime location boasts a high daily traffic volume of 32,066 vehicles on Pensacola Boulevard (Hwy 29) and 10,000 vehicles on Palafox, ensuring excellent visibility and accessibility for any business. The property includes five buildings that have been utilized for residential rentals with the commercial building on Hwy 29 leased out to a well-known antique store tenant for several years. Highest and best use for property for the site is redevelopment use. Situated within a bustling mixed-use commercial area, this property is enveloped by a vibrant community. It presents an ideal opportunity for a developer with all utilities readily available, beautiful majestic oaks, 5 septics, multiple electrical panels, and dual street access. Zoning allows for 25 units per acre, providing great potential for a multi-family developer in an under served rental market. Surrounded by industrial and trade experts this is a great location for an industrial complex with close proximity to Interstate 10. The location is perfectly situated for efficient transportation connections throughout the southeastern United States. The retail store (antique shop) on Pensacola Blvd is leased thru 12/2026 at a rate of $3,000 per month. The remainder of the buildings are on month to month leases. Cottage- $1,100 per month Double Wide Trailer $1,500 per month |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County |
| Tax ID/APN: | 091S301101000010 |
| Property Located Between: | Pensacola Boulevard (Hwy 29) and Palafox Hwy |
| Property Visibility: | Excellent |
| Legal Description: | in File |
| Largest Nearby Street: | Nine Mile Road |
| Feet of Frontage: | 400 |
| Traffic/Vehicle Count: | 42,066 |
| Airports: | Pensacola International Airport |
| Site Description: | 200 feet of frontage on HWY 29/Pensacola Blvd the property has all utilties to site. The tract is rectangular is shape and runs 732 feet deep all the way to Palafox Hwy with 200 feet of frontage on Palafox. There are 5 buildings on the property, 5 septic systems, multiple power panels, beautiful oaks, and established landscaping. |
| Area Description: | Located less than a mile from the booming 9-Mile trade corridor which is lined with national and regional brands,big box retailers, hotels, restaurants, medical and business professionals. |
| Lot Frontage: | 400 |
| Lot Depth: | 732 |
| Zoning Description: | COM |
| Topography: | Level |
| Available Utilities: | Electric, Water, Other |
| Sewer Type: | Septic |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,186 | 47,581 | 100,171 |
| Median Age: | 37.92 | 39.83 | 37.63 |
| Households: | 2,759 | 18,865 | 38,998 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
