For Sale
$1,350,000

1325 69Th AvePensacola, FL 32506

50-Unit Residential Development Opportunity in Pensacola, FL

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 5.17-acre parcel in Escambia County, Florida, presents a remarkable multifamily development opportunity. Located at 1325 N 69th Ave, Pensacola, FL 32506, this site is primed for immediate construction. The property boasts approved plans and permits for a 45-unit residential development, with a density ordinance (DO) allowing for up to 50 units. Significant groundwork has already been completed, including land clearing, underground utilities, and civil engineering. City water and sewer services are readily accessible. This turnkey project offers substantial savings in time and resources, eliminating the lengthy and often costly permitting process. The seller is offering owner financing, making this an even more attractive investment. The one-story building design maximizes efficiency and minimizes construction complexity. This is a rare chance to acquire a fully prepared site ready for immediate development, promising a swift return on investment in a thriving Florida market. All necessary documentation is available from the seller. Don't miss this chance to capitalize on this exceptional opportunity.

Highlights

  • 5.17-acre multifamily development site in Pensacola, FL.
  • Approved plans & permits for a 45-unit project, with potential for 50 units.
  • Significant site work complete, including land clearing and utilities.
  • City water and sewer available.
  • Owner financing offered.

Property Details for 1325 69Th Ave

Property type
Land
Stories
1
Lot Size (sq. ft)
225,205 SF
Units
50

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.427081287486
Longitude
-87.30440515738
1325 69Th Ave, Pensacola, Florida

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1325 69Th Ave
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