This exceptional 6.24-acre redevelopment opportunity in Pensacola, Florida, presents a unique blend of existing structures and significant development potential. Strategically located on Pensacola Boulevard (Highway 29) and extending to North Palafox Street, this property boasts multiple access points, enhancing its versatility. The site comprises two parcels, offering convenient ingress and egress via a median cut on Pensacola Boulevard, facilitating both northbound and southbound traffic flow. Currently, the property features a 7,560 square foot metal building facing Pensacola Boulevard, an 880 square foot concrete block garage, and an 1,822 square foot home situated on North Palafox Street, all of which could be renovated or repurposed. A portion of the land is utilized as an RV/trailer park with month-to-month tenants, presenting an immediate income stream with potential for increased occupancy or redevelopment. An underground gas line easement serves as a private drive, dividing the two parcels. The property benefits from high traffic volume, with Pensacola Boulevard exhibiting approximately 32,066 Average Annual Daily Traffic (AADT) in 2023, and North Palafox Street adding approximately 9,600 AADT. This prime location, just half a mile north of the 9 Mile Road intersection and 2.5 miles north of Interstate 10, is ideal for a variety of development scenarios, including office, retail, restaurant, office/warehouse, and multi-family projects. This is a rare chance to acquire a large tract of land in a thriving area, ready for immediate redevelopment or revitalization of existing structures. The property is listed at $1,895,000.
Highlights
6.24 acres of prime Pensacola redevelopment land, spanning from Pensacola Blvd. to N. Palafox St.
Multiple access points & high traffic counts on Pensacola Blvd. (32,066 AADT) and N. Palafox St. (9,600 AADT).
Existing structures include a metal building, garage, and home, offering renovation or redevelopment potential.
The property is located at 10000 Pensacola Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 6.24 acres of prime Pensacola redevelopment land, spanning from Pensacola Blvd. to N. Palafox St.; Multiple access points & high traffic counts on Pensacola Blvd. (32,066 AADT) and N. Palafox St. (9,600 AADT).; Existing structures include a metal building, garage, and home, offering renovation or redevelopment potential.
How can I contact the broker?
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10000 Pensacola Blvd Pensacola, FL 32534
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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10000 Pensacola Blvd
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