700 N Blk 29 Hwy Cantonment, FL

This 4.5-acre corner lot is positioned at the ingress/egress point for a planned 800-acre commercial/residential development. The property has over 900 feet of frontage on Highway 29 and access to all four lanes of traffic via two existing breaks in the divided highway. One of these breaks is slated to have traffic lights installed as part of Escambia County's Well-Line Road expansion project. The current average FDOT traffic figure for this section of Highway 29 is 24,332 daily. There is a plan to expand this section of Highway 29 from the current four lanes to eight lanes to support the Beulah Expressway I-10 to US-29 Interchange, once approved. The north border fronts on Well Line Rd, which is slated for expansion to provide primary ingress and egress to Highway 29 for the planned 800-acre commercial/residential development on Jack's Branch and the Well-Line Extension. The property consists of roughly 3 acres of dry buildable land and could be easily divided into two lots with roughly 1.5 dry acres (65,000 square feet) each. The north lot on the corner of Highway 29 and Well Line Rd is already cleared. This undeveloped parcel sits at the southwest corner of the intersection of US Highway 29 and Well Line Rd in Cantonment, FL. Overall site visibility is unrestricted. There are a large number of existing residential communities in the area and additional developments are both planned and underway. US Highway 29 is a divided 4-lane artery connecting Pensacola and the coast to the northern part of Escambia County, AL, and Interstate 65. The property is zoned HC/LI.