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1.8 acres in Escambia County, Florida

10605 GULF BEACH HWY, Pensacola, Florida 32507 - Escambia County
$1,395,000 1.80 Acres
Property ID 1863538

Description

Will owner finance & possibly joint venture. This parcel is comprised of 2 lots, 10605 & 10541 Gulf Beach Highway located on Big Lagoon just west of the WCI & South Wind Marinas and east of the Grand Lagoon Yacht Club. Together they have about 300' of water front. This combined parcel has the potential to be a great water front multi-family development, great restaurant location, marina, or hotel. The new County "commercial" zoning allows for 25 residential units per acre or a total of about 45 units on this site. There is quick access to the Gulf of Mexico from this location and there's a beautiful view of the barrier island and there would be great views of the Gulf from the higher floors of a condo or hotel. The barrier island provides some protection from storms. The beautiful water and lovely beach here is much safer for swimming than the Gulf and is a great area for fishing. All manner of salt water fish can be caught in Big Lagoon. Property has natural gas, sewer and public water. Measurements are approximate. Agent is the owner through a LLC.

Directions

From Pensacola take Barrancas Ave which turns into Gulf Beach Hwy at Navy Blvd. Continue to Blue Angel Parkway (Walmart & Target)and turn left (south) and go about 1.65 miles to Gulf Beach Hwy (the next traffic light) and turn right (east) and go approx 1.5 miles to the property which will be on the left (south side).

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TED BROWN

REAL ESTATE COUNSELORS

5101 N. 12TH AVENUE
PENSACOLA, FL 32504

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