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    1325 69Th Ave Pensacola, FL 32506

    For Sale
    $1,350,000

    50-Unit Residential Development Opportunity in Pensacola, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.17-acre parcel in Escambia County, Florida, presents a remarkable multifamily development opportunity. Located at 1325 N 69th Ave, Pensacola, FL 32506, this site is primed for immediate construction. The property boasts approved plans and permits for a 45-unit residential development, with a density ordinance (DO) allowing for up to 50 units. Significant groundwork has already been completed, including land clearing, underground utilities, and civil engineering. City water and sewer services are readily accessible. This turnkey project offers substantial savings in time and resources, eliminating the lengthy and often costly permitting process. The seller is offering owner financing, making this an even more attractive investment. The one-story building design maximizes efficiency and minimizes construction complexity. This is a rare chance to acquire a fully prepared site ready for immediate development, promising a swift return on investment in a thriving Florida market. All necessary documentation is available from the seller. Don't miss this chance to capitalize on this exceptional opportunity.

    Property Features for 1325 69Th Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    225,205 SF

    Building Details

    Stories
    1
    Units
    50

    HighLights

    • 5.17‑acre multifamily development site in Pensacola, FL.
    • Approved plans & permits for a 45‑unit project, with potential for 50 units.
    • Significant site work complete, including land clearing and utilities.
    • City water and sewer available.
    • Owner financing offered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Clothing Store Building Supply Gym & Fitness Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.30440515738
    Latitude
    30.427081287486

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    FAQs

    What type of property is this?
    Multifamily property - 50-Unit Residential Development Opportunity in Pensacola, FL
    Where is this multifamily property located?
    The property is located at 1325 69Th Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 5.17-acre multifamily development site in Pensacola, FL.; Approved plans & permits for a 45-unit project, with potential for 50 units.; Significant site work complete, including land clearing and utilities.
    (954) 857-1884
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    1325 69Th Ave Pensacola, FL 32506
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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
    1325 69Th Ave Pensacola, FL 32506
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