Rare developer opportunity to purchase 19.57+/- acres of waterfront land in Pensacola, FL. The property would be an excellent site for a possible condo or residential development with its prime location just over the bridge from the Perdido Key beaches. The site consists of 6 contiguous parcels with over 1,378 feet of frontage along Bayou Tarcon. 16.57+/- Acres of the property is zoned "C-1", Commercial District, which allows for a variety of commercial and residential uses. The remaining 3+/- acres of the site is zoned "SDD", Special Development District which allows a maximum density of 3 dwelling units per acre. The site could potentially be developed with a total of 423 dwelling units under the current zoning laws. The property features a pier extending into the Bayou Garcon which is surrounded by wetlands on the property. All private and public utilities are available to the site. Owner will consider subdividing the property and selling the property as individual tracts.
Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty.
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