Vacant Retail Land

Vacant Land for Sale
Catylist Listing ID: 30281038
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 1.07 Acres
Sale Price: $540,000
Unit Price: $504,672 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/17/2018

Overview / Comments

Vacant commercial office and or retail site located on the north side of East Nine Mile Road east of Sunnehanna Blvd and west of Scenic Hills Drive. One of the last parcels available or purchase on the busy Nine Mile Road. Located east of St Luke Methodist Church, west of Scenic Hill CC and across from Pen Air Federal Credit Union. The structure is worthy of renovation, however no value was given in consideration of the list price.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 06-1S-30-4001-003-001
Zoning: COM, FLU: MU-U
Market Type: Medium
Property Located Between: Sunnehanna Blvd and Scenic Hill Drive
Side of Street: North
Road Type: Paved, Highway
Property Visibility: Excellent
Legal Description: Metes and bounds
Largest Nearby Street: Nine Mile Road
Feet of Frontage: 187
Traffic/Vehicle Count: 37,500
Transportation: Highway
Highway Access: North side of Nine Mile Road, median cuts 300' to the east at Westside Drive and 300' to the west at Sunnehanna Blvd.
Site Description: The site is cleared and slightly sloping to the east, with 187' of good frontage and exposure to heavy traffic volume. Found on the site is a single family residential dwelling constructed in 1958, it was not a contributing factor to the pricing. An outdoor sign is located at the SE corner which currently generates income but can be removed at the owners request. Although public sanitary sewer is not at site a forced main is found on the south side for Nine Mile Road.
Area Description: North Pensacola near UWF, PenAir Federal Credit Union, Scenic Hill Country Club, Target anchored shopping center and numerous commercial businesses.
Lot Frontage: 187
Lot Depth: 273
Zoning Description: Zoning: Commercial (Comm). Future Land Use: Commercial (C)
Topography: Gently Sloping
Easements: Electric Lines, Other
Easements Description: Outdoor sign at SE corner of site and typical electric lines.
Available Utilities: Water, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,439 48,129 116,646
Median Age: 37.23 36.05 38.69
Households: 3,428 20,174 47,064


Photograph of Listing Agent

Michael Miragliotta

Neal & Company, LLC
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.