8605 Jernigan Rd, Pensacola, FL 32514

$875,000
List Price
$875,000
MLS#
553965
Status
ACTIVE
Type
Land
Acres
11
City
Pensacola

Property Description

This property offers 10.93 acres of cleared, rolling land that is ideal for an apartment/condo development. Zoning allows 20 units per acre for a total of 218 units. The owners have a site plan that shows a potential development with 192 units. The land offers lakes along the southern boundary and wetlands along the western boundary for ideal natural buffers between adjoining properties. The site has 458 feet of frontage along Jernigan Road and 30 feet of frontage along Jo Jo Road. Jernigan has a traffic count of about 5,000 cars daily. All utilities are available to the property. There are two houses on the property and a metal storage building and while they are in good condition, no value is attributable to them. The value is in the land. This property is located within about 2 miles from UWF, Target Shopping Center, Baptist Health Care Center on 9 Mile Road and West Florida Hospital on University Parkway. It is also about 2 miles to Ellyson Clean Air Industrial Park and University Mall, which is scheduled for a major re-development.

Additional Information

High School
Washington
Elementary School
Ferry Pass
High School
Washington

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Poppy Properties LLC.

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