Current Use by Public Records
- Land
Property Details for 0 Riv Oaks Dr
- Lot size
- 1.77 lot acres
- Property type
- Land
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bellview
- County
- Escambia
- State
- Florida
- Longitude
- -87.3389
- Latitude
- 30.5346
