For Sale
$500,000

3320 Olive RdPensacola, FL 32514

2.35 Acres, HDMU Zoning, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2.35-acre commercial lot in Pensacola, Florida, presents a unique investment opportunity. Located at 3320 E Olive Rd (APN 171S301402000000), this Class A property boasts 290 feet of frontage on the recently improved East Olive Road, featuring upgraded drainage, utilities, bike lanes, sidewalks, and new stormwater ponds. The High Density Mixed Use (HDMU) zoning allows for a blend of commercial/retail and multi-family development, catering to the area's growing demand for housing and convenient amenities. Its strategic location offers easy access to the University of West Florida, West Florida Hospital, and Interstate 10, ensuring high visibility and accessibility. The property is currently vacant and ready for development. Detailed site plans and surveys are available. This is an ideal location for a mixed-use project capitalizing on the area's growth trajectory and the potential for a high-demand rental market. The asking price is $500,000. Don't miss this chance to acquire a prime development site in a thriving Pensacola location. Further zoning details are available via the provided link.

Highlights

  • 2.35-acre commercial lot in Pensacola, FL, zoned HDMU (High Density Mixed Use).
  • Ideal for multifamily development, offering high-demand rental potential.
  • Mixed-use development opportunity, combining commercial and residential space.
  • Excellent location near University of West Florida, West Florida Hospital, and I-10, ensuring high visibility and accessibility.
  • Site plans and surveys available upon request.
  • Asking price: $500,000.

Property Details for 3320 Olive Rd

Property type
Land
Class
A
Lot Size (sq. ft)
102,627 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.5101465
Longitude
-87.1965924
3320 Olive Rd, Pensacola, Florida

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3320 Olive Rd
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