Waterfront Development Site – 1.48 Acres on the Intracoastal Waterway

Pensacola is located on Florida’s Gulf Coast near the Florida/Alabama state line. The Pensacola market has experienced explosive growth in recent years due to the high population growth and strong median income. The strong economy and tourism have fueled the housing and retail demand in Pensacola over recent years. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. The property is in close proximity to the core retail trade area, Pensacola International Airport, hospitals, the University of West Florida, NAS Pensacola, Whiting Field Naval Base, and beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach.This approximately 1.48-acre waterfront development site on the Intracoastal Waterway offers a rare opportunity across two contiguous parcels, featuring an existing seawall and remnants of a former 10-slip pier. The property is mostly cleared and zoned Commercial (COM) under Escambia County regulations, allowing a broad range of commercial and residential uses including restaurant, multifamily, hotel, townhomes, or condominium development. Under current COM zoning standards, residential development may allow up to approximately 25 dwelling units per acre, equating to +/- 37 units, subject to site plan approval and applicable development regulations. The surrounding area is comprised of established single-family homes and condominium communities, supporting strong residential and mixed-use demand in a suburban coastal setting. Utilities including electric, natural gas, water, and sewer are available, further enhancing development feasibility. Acreage is approximate.