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    University Pkwy Pensacola, FL 32514

    For Sale
    $899,000

    Prime Pensacola development land, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 13.87-acre parcel presents a unique investment opportunity in Pensacola, Florida. Located off University Parkway, near the intersection of Nine Mile Road and Davis Highway, this property boasts convenient access via an easement from University Parkway and additional access from Nine Mile Road via Brunson Road. The land is zoned for both HC-LI and HDMU, allowing for a high-density multi-family development with a permitted density of 25 units per acre. This translates to significant potential for a substantial residential project. While offering excellent development prospects, it's important to note that approximately 5.37 acres of the property, primarily situated in the northern section, are designated as wetlands. This should be factored into any development plans. The asking price for this expansive tract is $899,000. Detailed site plans and zoning information are available upon request. This property is ideally suited for developers seeking a prime location with high development potential in a rapidly growing area of Pensacola, Escambia County, Florida, zip code 32514. The property's location offers easy access to major roadways and established infrastructure, making it an attractive proposition for both residential and commercial development. Serious inquiries only.

    Property Features for 0 University Pkwy

    General Information

    Property type
    Land
    Lot Size
    604,177 SF

    HighLights

    • 13.87‑acre parcel with easement access from University Parkway and Nine Mile Road.
    • Zoned HC‑LI and HDMU, allowing high‑density multi‑family development (25 units per acre).
    • Excellent multi‑family development site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emmer Development General Contractor Baptist Health Care ... Surgical Center Fresenius Medical Care Medical Center Solaris HealthCare Pensacola Nursing Home Baptist Medical Group ... Family Practice Physician

    Map

    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.22060637
    Latitude
    30.52163714

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    FAQs

    What type of property is this?
    Land - Prime Pensacola development land, multi-family potential.
    Where is this land located?
    The property is located at University Pkwy Pensacola, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 13.87-acre parcel with easement access from University Parkway and Nine Mile Road.; Zoned HC-LI and HDMU, allowing high-density multi-family development (25 units per acre).; Excellent multi-family development site.
    (850) 433-5000
    Request Owner's contact information
    University Pkwy Pensacola, FL 32514
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    Pensacola, FL 32514
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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
    University Pkwy Pensacola, FL 32514
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