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    555 G St Pensacola, FL 32502

    For Sale
    $1,495,000

    Prime Development Site, Downtown Pensacola

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.543-acre commercial land parcel presents a compelling investment opportunity in Pensacola, Florida. Located at 555 S G St, Escambia County, zip code 32502 (APN: 000S009080001139), this property is fully entitled for development as a 32-lot townhome subdivision, complete with approved civil plans and a final plat. The C-3 zoning designation further allows for the construction of up to 53 apartment units, with the potential for even greater density subject to city conditional use permits. This prime location boasts exceptional visibility and accessibility, situated less than a mile from downtown Pensacola and experiencing a high volume of traffic, with an average annual daily traffic count (AADT) of 11,600 vehicles. Infrastructure is readily available, with water and sewer tap costs estimated at $3,000 to $3,500 per unit through ECUA. This fully permitted site offers significant potential for immediate development, making it an attractive proposition for developers seeking a high-return investment in a thriving urban area. The property's strategic location and development-ready status combine to create a rare opportunity to capitalize on Pensacola's robust real estate market. This is a turnkey project ready for immediate action.

    Property Features for 555 G St

    General Information

    Property type
    Land
    Lot Size
    67,213 SF

    HighLights

    • Fully entitled 32‑lot townhome subdivision; civil plans and final plat approved.
    • C‑3 zoning allows for 53 apartment units, with potential for more units with city approval.
    • Water and sewer tap fees estimated at $3,000-$3,500 per unit.
    • High‑traffic location with an AADT of 11,600 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2335093
    Latitude
    30.4060606

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    FAQs

    What type of property is this?
    Land - Prime Development Site, Downtown Pensacola
    Where is this land located?
    The property is located at 555 G St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Fully entitled 32-lot townhome subdivision; civil plans and final plat approved.; C-3 zoning allows for 53 apartment units, with potential for more units with city approval.; Water and sewer tap fees estimated at $3,000-$3,500 per unit.
    (850) 434-7500
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    555 G St Pensacola, FL 32502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 G St Pensacola, FL 32502
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