1.24 Acre High Visibility Redevelopment Opportunity

Listing was updated at: 05/03/2020
Property Overview
Price/Rent PSF $ 750,000.00
Asset Type Land
Trade Type Sale
Acres Available 1.24
Date Available 04/29/2020
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This 1.24 acre site is comprised of two tax parcels and includes frontage on Barrancas Avenue, South Navy Boulevard, Commerce Street, and South 1st Street. Great location at the main entrance to NAS, in close proximity to the Pensacola Country Club, and just minutes from Downtown Pensacola. High traffic count, 23,000 AADT (Navy), 24,000 AADT (Barrancas) per FDOT average annual daily traffic. Strong retail corridor.

This high visibility property has a great location with frontage on Navy Blvd, Barrancas Av, Central and S. 1st Street near main entrance to NAS! The property is currently improved with a multi-tenant retail building and 1 unit apartments, and a separate drive-thru restaurant; but the value is in the land! Escambia County has indicated the existing buildings have no historical significance and can be removed from the site, however, buyers are urged to confirm all information. Please contact Lisa Bradley, the listing agent, for additional information.