518 Royce St Pensacola, FL 32503
- Commercial real estate
- 1.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 518 Royce St
- Lot size
- 1.15 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.15-acre commercial land parcel, located at 518 Royce Street in Pensacola, Florida, presents a unique investment opportunity. Situated in Escambia County, zip code 32503, this property boasts a desirable location just off the Davis Highway Medical Corridor, offering excellent visibility and accessibility. The lot is conveniently sized at approximately 200 feet of frontage on Royce Street and extends approximately 251 feet deep, providing ample space for development. The terrain is flat and dry, simplifying construction plans. Zoned C-1, this property allows for a variety of commercial uses, including the potential for up to 35 units per acre, as per zoning regulations. The asking price is $650,000, translating to $13.01 per square foot of land. The property also includes two existing parking spaces. This prime location and flexible zoning make this an ideal site for a diverse range of commercial ventures. Serious inquiries are encouraged.
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
- Escambia
- State
- Florida
- Longitude
- -87.22275433
- Latitude
- 30.46728602
