Great 3.53 Acre Development Site Zoned HC/LI

Highlights

• Great 3.53 Acre Site
• High Visibility
• Zoned HC/LI
• Close to Highway 29
• Between Lowe's, Home Depot, and New 240 Unit Apartment Development
• 26,500 Average Daily Traffic Count

Description

Great development site available for purchase. This 3.53 acre site includes 220 feet of frontage along the north side of Nine Mile Road/Highway 90 between Bowman Avenue and Cove Avenue. This property has good visibility, high traffic counts, great demographics, and is located in the fastest growing area of Pensacola. Potential uses for the property include retail, shopping, schools, medical, offices, convenience stores, restaurants, apartments, single family homes, churches, and/or motels. The site is high and dry with no wetlands indicated on maps, and is located in Flood Zone X (areas of minimal flooding).

The Nine Mile Road corridor has had major growth in the past few years. Navy Federal Credit Union had a massive expansion of its Beulah campus. and Nine Mile Road recently completed a multi-year expansion.

This 3.53-acre property is located on the north side of Nine Mile Road, also known as Highway 90 in Pensacola, Florida. This is the major east west thoroughfare in North Pensacola. This property is located between Interstate 10 and Highway 29 (within two miles of both), which allows access to most anywhere in Pensacola within fifteen minutes. Over the last few years, this area has experienced tremendous growth with both residential and commercial developments. Nature Trail is a high end gated community located 3 miles west of this property. The development consists of 770 acres containing 659 single family lots. Over 250 existing homes, with more under construction.

Walmart, Walgreen’s and Starbuck’s have completed new stores at the corner of Pine Forest and 9 Mile Road. Coastal Bank & Trust, First Gulf Bank, Peoples First, Harvest Federal Credit Union, and Gulf Coast Community Bank are all within one mile from this site. Lowe’s and Home Depot are open, within one-half mile east of our site. Chili’s in front of the Home Depot is doing extremely well. Publix is also located at the Northeast corner of Pine Forest Rd. and Nine Mile Rd., approximately one mile to the West. Kohl’s Department Store is located four miles east of our site on 9 Mile Road across the street from University of West Florida (Student population of 13,000). There is also a Target next to the Kohl’s along with West Florida Hospital. Currently there are many home builders buying lots in and around this area and have been very active in the market with several new communities.

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