800 M st - REDUCED 60K 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 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.41 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $225,000 |
| Price Per AC | $548,780.49 |
| 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. MAKE AN OFFER!
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.) |
