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800 M st - The Lofts at 800 PenPLACE

0.41 Acres of Commercial Land Offered at $408,966 CAD in Pensacola, FL 32501

Commercial Land Florida Pensacola 800 M st, 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

Prime Development Property Zoned C-3 - located in Qualified Census Tract and Opportunity Zone. Property is cleared and ready for development. Perfect for small affordable housing project or Senior Building. Proximity to required uses, adjacent to mass transit route stops. 14 units permitted by right with up to 35% density bonus available - Total of 19 units permitted. Conceptual design in place for 18 units (can easily be 19) was presented to the city in a preapplication meeting. Currently parked at 1.33 per unit. Full Constuction Documents can be prepared for additional cost ($120,000) or conceptual design can be provided in AutoCAD format to your design team at no charge.

Attachments

Lofts at PenPLACE-CS

Property Facts

Price $408,966 CAD Property Subtype Commercial
Sale Type Investment Proposed Use Multifamily
No. Lots 1 Total Lot Size 0.41 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $408,966 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.41 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $408,966 CAD Lot Size 0.41 AC
Price Per AC $997,479 CAD
Price $408,966 CAD
Price Per AC $997,479 CAD
Lot Size 0.41 AC

MAKE OFFER! Development Site for up to 18 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 feed back. 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 Constuction 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.

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zoning

Zoning Code C-3 (Commerical Zoning - Permits MF Residential at 35 Units per Acre and an additional 35% density bonus. Building Ht up to 100 ft.)
C-3 (Commerical Zoning - Permits MF Residential at 35 Units per Acre and an additional 35% density bonus. Building Ht up to 100 ft.)
(954) 461-6625

Contact

  • Listing ID: 34302629

  • Date on Market: 2024-12-27

  • Last Updated:

  • Address: 800 M st, Pensacola, FL 32501

The Land Property at 800 M st, Pensacola, FL 32501 is currently available for sale. Contact Miami-Dade Investors Group for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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800 M st - The Lofts at 800 PenPLACE
(954) 461-6625 x

800 M st - The Lofts at 800 PenPLACE

Brian Herbert

(954) 461-6625

(954) 461-6625

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