Riv Oaks Dr Pensacola, FL 32526

This exceptional 1.4-acre commercial lot, designated Lot 4 in the Pathstone Subdivision on E River Oaks Dr., Pensacola, FL 32526 (APN: 10-1S-31-1401-003-002), presents a remarkable investment opportunity. Located in a high-growth corridor, this property boasts excellent visibility and accessibility, situated adjacent to a new QuikTrip and directly across from the expansive Navy Federal Credit Union corporate campus – the largest credit union in the US, employing 8,500 (growing to 10,000) and possessing over $125 billion in assets. The lot is part of a 219.35-acre master-planned mixed-use development, Pathstone, which includes a large apartment complex, single-family homes, and townhouses, ensuring a robust and growing surrounding community. The property is zoned COM and benefits from convenient access to I-10 and downtown Pensacola. High traffic counts are a significant advantage: I-10 and Exit 5 boast an Annual Average Daily Traffic (ADT 2022) of 52,988, while W. Nine Mile Road shows an ADT of 26,500 (2022). On-site detention is provided, and utilities are readily available: water and sewer connections through the Emerald Coast Utility Authority (ECUA) will be at street level, with power also available at the street. The asking price is $1,229,000. Road construction is underway, with lots available for platting as early as August 2024. Ideal for various commercial uses, including hotels, senior living facilities, urgent care centers, or retail establishments. This property offers unparalleled potential for significant return on investment.