Investment Overview

Outstanding opportunity to purchase 4.18 acres of prime waterfront property in the community of Perdido Key in Pensacola, FL. Perdido Key is a barrier island in Northwest Florida that stretches 16 miles from Pensacola, FL to Orange Beach, AL. The south side of Perdido Key is Gulf of Mexico beaches and the north side is on the protected water of Ole River and Big Lagoon. Much of the nearby area is parkland including Big Lagoon State Park, Perdido Key State Park and Johnson’s Beach National Park providing an assortment of recreational activities and restricting competing development. Other nearby attractions and amenities include Lost Key Golf Club, Publix Supermarket, Winn Dixie, multiple marinas and a host of restaurants and bars. The subject property is located on River Road with over 600’ of frontage on Ole River. The property is centrally located between the two area passes to the Gulf of Mexico, roughly 6 miles to Perdido Pass and 9 miles to Pensacola Pass. The property is also within walking distance to public Gulf beach access and Perdido Key State Park. The property is zoned Planned Resort District (PR-PK). The PR-PK zoning district allows for destination-type uses that include residential and hotel development and supporting recreational and commercial facilities. The owner completed a density transfer from an adjoining property to the subject property allowing higher density than typical for this zoning district. In addition, the beach mouse habitat was also mitigated. Therefore this property is uniquely positioned with its higher density zoning and habitat mitigation in place.