1822 Johnson Ave Pensacola, FL 32514
This exceptional 9-acre commercial land parcel in Pensacola, Florida, presents a remarkable investment opportunity. Located at 1822 E. Johnson Ave., in Escambia County (zip code 32514), this property boasts a strategic position just off University Parkway, between Davis Highway and Nine Mile Road, offering excellent visibility and accessibility. Currently zoned COM (commercial) and HDMU (high-density mixed use), it allows for a density of 25 units per acre, making it ideal for a variety of developments, including multi-family housing, senior living facilities, or medical offices. The future land use designation is MU-U (mixed use urban), further enhancing its long-term potential. Access is readily available from Johnson Avenue, near the lighted intersection of University Parkway, with potential for additional access from University Parkway via a separate purchase. The recent construction of Harvester's Federal Credit Union headquarters on the corner of University Parkway and Johnson Avenue will significantly improve the property's visibility. A recent wetlands delineation identified approximately one acre of wetlands, primarily near a man-made pond on the eastern side of the parcel. A Phase I environmental assessment has been completed, concluding that no further investigation is required. While several existing structures are located at the property's south end and are not factored into the $3,000,000 asking price, it's crucial to note that these structures are currently occupied, and access to the property should be coordinated beforehand.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.