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    Riv Oaks Dr Bellview, FL 32526

    For Sale
    $1,490,000

    Prime Pensacola location, 1.77 acres, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.77-acre commercial land parcel presents a remarkable investment opportunity in Pensacola, Florida. Located in the Pathstone Subdivision off E River Oaks Dr, Lot 1 boasts a prime location within a rapidly growing area, adjacent to a new QuikTrip and directly across from the expansive Navy Federal Credit Union corporate campus. This $2 billion campus houses 8,500 employees, projected to increase to 10,000 in the coming years, ensuring a substantial and stable population base. The property benefits from excellent visibility and accessibility, situated near I-10 and Exit 5, with high traffic counts (I-10 ADT 52,988, W. Nine Mile Road ADT 26,500 in 2022). Pathstone itself is a large, master-planned mixed-use development encompassing residential units and commercial space. The lot is part of a larger development with on-site detention, and utilities (water, sewer, and power) will be readily available at street level via the Emerald Coast Utility Authority (ECUA). Road construction is underway, with lots available for platting as early as August 2024. Zoned COM, this parcel is ideal for a variety of commercial uses, including hotels, senior living facilities, urgent care centers, or retail establishments. The asking price is $1,490,000. The APN is 10-1S-31-1401-003-002. Ownership is held by Pathstone (FL) 2017, LLC. This is a rare opportunity to acquire land in a thriving area with significant growth potential.

    Property Features for 0 Riv Oaks Dr

    General Information

    Property type
    Land
    Lot Size
    77,101 SF

    HighLights

    • Easy access to I‑10 and Downtown Pensacola.
    • Excellent access and visibility, adjacent to QuikTrip and across from Navy Federal Credit Union's 8,500‑employee campus (expanding to 10,000).
    • I‑10 Exit 5 ADT: 52,988 (2022); W. Nine Mile Road ADT: 26,500 (2022).
    • On‑site detention provided.
    • Ideal for hotels, senior living, urgent care, or retail; COM zoning.
    • Utilities (water, sewer, power) available at street level via ECUA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bellview
    County
    Escambia
    State
    Florida
    Longitude
    -87.33888461
    Latitude
    30.53460517

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    FAQs

    What type of property is this?
    Land - Prime Pensacola location, 1.77 acres, high traffic.
    Where is this land located?
    The property is located at Riv Oaks Dr Bellview, FL.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Easy access to I-10 and Downtown Pensacola.; Excellent access and visibility, adjacent to QuikTrip and across from Navy Federal Credit Union's 8,500-employee campus (expanding to 10,000).; I-10 Exit 5 ADT: 52,988 (2022); W. Nine Mile Road ADT: 26,500 (2022).
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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
    Riv Oaks Dr Bellview, FL 32526
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