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800 M st - REDUCED PRICE Lofts at 800 PenPLACE 0.41 Acres of Commercial Land Offered at $225,000 in Pensacola, FL 32501
INVESTMENT HIGHLIGHTS
- High Density Site for up to 19 units
- Partial Owner Financing Available - up to 50% of Sale Price
- Located in Qualified Census Tract, Opportunity Zone and CRA
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $225,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.41 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C-3 - Commercial Zoning - Permits MF Residential at 35 Units per Acre and an additional 35% density bonus. Building Ht up to 100 ft. | ||
| Price | $225,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.41 AC |
| Opportunity Zone |
Yes |
| Zoning | C-3 - Commercial Zoning - Permits MF Residential at 35 Units per Acre and an additional 35% density bonus. Building Ht up to 100 ft. |
1 LOT AVAILABLE
Lot
| Price | $225,000 | Lot Size | 0.41 AC |
| Price Per AC | $548,780.49 |
| Price | $225,000 |
| Price Per AC | $548,780.49 |
| Lot Size | 0.41 AC |
MAKE OFFER! Development Site for up to 19 MF units on .41 Acres. Conceptual Drawings and preapplication review in place. Go straight to building permit. Located in City's CRA district with multiple development bonuses and potential funding.
DESCRIPTION
Former developed site now cleared - Perfect for small affordable housing development or addition to a scattered site concept. The conceptual design is in place (see Attachments) which has been presented to the city in a preapplication conference with positive feedback. Owner can assist with approvals and construction documents and would consider providing owner financing up to 50% - priced at $15K per unit or $22K per units with building and site Construction Documents ready for permit submittal. This project goes straight to Building Permit no site plan approval required. Can be shovel ready in about 4 to 6 months. MAKE AN OFFER!
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800 M st - REDUCED PRICE Lofts at 800 PenPLACE
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