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    150 Ethel Wingate Dr Pensacola, FL 32507

    For Sale
    $2,100,000

    Prime Perdido, FL development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.71-acre waterfront property in Pensacola, Florida, presents a unique multifamily development opportunity. Located in the desirable Perdido area, this commercially zoned (COM) parcel (APN: 233S311101000007) boasts stunning waterfront views and direct water access, perfect for incorporating private docks. Its prime location offers easy access to major highways, shopping, dining, and recreational activities, ensuring convenience for future residents. The property's proximity to Big Lagoon State Park, Naval Air Station Pensacola, and the National Museum of Naval Aviation adds significant appeal, attracting a diverse range of potential residents. The ample acreage allows for the creation of a substantial multifamily development with room for community amenities and green spaces. This offering represents a compelling investment in a rapidly growing area, capitalizing on the increasing demand for quality housing in Perdido and its proximity to Pensacola's amenities. The asking price is $2,100,000. This is a for sale by owner listing.

    Property Features for 150 Ethel Wingate Dr

    General Information

    Property type
    Land
    Lot Size
    118,048 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Auto Repair Shop Pharmacy Department Store Discount Store Computer & Electronic Repair Tech Support Center Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.372100107119
    Latitude
    30.325117715842

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    FAQs

    What type of property is this?
    Land - Prime Perdido, FL development opportunity.
    Where is this land located?
    The property is located at 150 Ethel Wingate Dr Pensacola, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    (850) 434-7500
    Request Owner's contact information
    150 Ethel Wingate Dr Pensacola, FL 32507
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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
    150 Ethel Wingate Dr Pensacola, FL 32507
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