1202 W Lee St Pensacola, FL 32501
- Land
Current Use by Public Records
- Land
Property Details for 1202 W Lee St
- Year built
- 1954
- Property type
- Land
- Property subtype
- Commercial land
Description
This exceptional 0.19-acre parcel in Pensacola, Florida, presents a compelling investment opportunity. Located in an Opportunity Zone, this property boasts High-Density Mixed-Use (HDMU) zoning, allowing for diverse development options including residential, commercial, or a blend of both. The land's buildable nature makes it ideal for various projects, capitalizing on Pensacola's expanding market. Priced affordably at $45,000, this translates to approximately $237,217 per acre, representing significant value for developers and investors seeking a strategic location with flexible zoning. The property's accessibility within a growing area further enhances its appeal. This is a rare chance to acquire a versatile lot with substantial potential for future growth and returns, offering significant tax benefits due to its Opportunity Zone designation. The site is ready for immediate development, presenting a unique opportunity to shape the future of this thriving area. Serious inquiries are encouraged to explore this promising investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- State
- Florida
