$600,000 - 2800 Blk E Olive Rd, Pensacola

This 3.99-acre parcel presents a rare development opportunity in a high-demand Pensacola corridor. Zoned HDR/HDMU, the property is well suited for high-density residential or mixed-use development and offers strong visibility and access along heavily traveled Olive Road, with the added benefit of secondary road frontage to support flexible site design and circulation. A previously approved 98-unit residential project totaling approximately 51,000 square feet of heated space was substantially through the approval process, allowing a new developer to capitalize on significant time and soft cost savings compared to starting from scratch. Surveys, environmental reports, and key county approvals have already been completed, reducing entitlement risk and accelerating timelines. Alternatively, the site offers a blank canvas for a new development vision, making this an ideal acquisition for investors or developers seeking flexibility, speed to market, and long-term upside in a growing area.