Over 2 Acres of Vacant Land on Olive Road in Pensacola!

3320 E Olive Rd Pensacola, FL 32514

3320 E Olive Rd, Pensacola, FL, 32514
3320 E Olive Rd, Pensacola, FL, 32514 3320 E Olive Rd, Pensacola, FL, 32514 3320 E Olive Rd, Pensacola, FL, 32514 3320 E Olive Rd, Pensacola, FL, 32514 3320 E Olive Rd, Pensacola, FL, 32514
FOR SALE
Property Type:
Multifamily Land
Amount:
$500,000
Last Verified:
Mar 22, 2024
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Highlights

  • - Zoned HDMU - High Density Mixed Use
  • - Ideal for multifamily development
  • - Mixed-use potential for commercial and residential space
  • - Proximity to amenities and transportation
  • - Potential for high-demand rental market
  • - Site plan and survey available

Description

Check out this 2.35-acre corner lot with frontage of 290 feet on the recently expanded and refreshed East Olive Road. The major improvements include upgraded drainage systems and utilities, bike lanes, sidewalks and improved water quality with the addition of two new stormwater ponds.

The current zoning permits a blend of commercial/retail ventures and multi-family housing, offering versatile development possibilities. For more detail on HDMU zoning copy and paste this link, https://tinyurl.com/ESCZoneHDMU

A short drive to University of West Florida, West Florida Hospital, and Interstate 10, makes this area appealing given the area's growth trajectory and demand for more accessible multi-family housing options.

3320 Olive Road in Pensacola is located in the northern part of the city known as Ferry Pass. It is a great mix of residential and commercial. The area has various businesses, including retail stores, restaurants, and offices and is surrounded by residential neighborhoods, schools, and parks, It's really an awesome diverse and vibrant community! Olive Road is a main thoroughfare that connects to major roads such as Davis Highway and Scenic Hwy, providing convenient access to other parts of Pensacola and the wider region.





Lot Size: 2.36 acres


Documents

3320 Olive Road Vacant Land for Sale

Map of 3320 E Olive Rd, Pensacola, FL, 32514

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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