555 G St Pensacola, FL 32502
- Showrooms
- 25,098 SF
- 1.54 lot acres
Current Use by Public Records
- Showrooms
Property Details for 555 G St
- Year built
- 1952
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.54 lot acres
- Property size
- 25,098 SF
- Zone code
- C-3
- Property type
- Showrooms
- APN
- 00-0S-00-9080-001-139
- APU
- 000S009080001139
Description
This exceptional 1.543-acre commercial land parcel presents a compelling investment opportunity in Pensacola, Florida. Located at 555 S G St, Escambia County, zip code 32502 (APN: 000S009080001139), this property is fully entitled for development as a 32-lot townhome subdivision, complete with approved civil plans and a final plat. The C-3 zoning designation further allows for the construction of up to 53 apartment units, with the potential for even greater density subject to city conditional use permits. This prime location boasts exceptional visibility and accessibility, situated less than a mile from downtown Pensacola and experiencing a high volume of traffic, with an average annual daily traffic count (AADT) of 11,600 vehicles. Infrastructure is readily available, with water and sewer tap costs estimated at $3,000 to $3,500 per unit through ECUA. This fully permitted site offers significant potential for immediate development, making it an attractive proposition for developers seeking a high-return investment in a thriving urban area. The property's strategic location and development-ready status combine to create a rare opportunity to capitalize on Pensacola's robust real estate market. This is a turnkey project ready for immediate action.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,140,000
- 6.5%
- $1,310,000
- 7%
- $1,320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,510,000
- Geo Method
- $1,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,260,000
- Retail
- $1,455,000
- Mixed-Use
- $1,275,000
- Hospitality
- $1,370,000
- Educational
- $1,420,000
- Residential Income
- $1,325,000
- Energy
- $1,270,000
- Income-Based Land
- $1,205,000
- Food Service
- $1,525,000
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2337
- Latitude
- 30.4061
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
