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| | Pearson Rd 10 acre WATERFRONT | 
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Property Type: Land - Residential
Last Updated: 11/2/2008 1:32:38 PM EST
Property # 20503
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Location:
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Milton, Florida 32583 USA
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View Address On Mapquest
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Value:
Loans:
Equity:
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$500,000
$0
$500,000
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10 acres stunning waterfront 5 minutes from I-10
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Property Description:
10 Acre Escambia Bay Waterfront. Truly Beautiful property Just 5 Min East Across The New Interstate-10 Bridge From Pensacola, FL. May Be Sold As 4 Separate Lots (already surveyed). Will Split 4 Trade!
Benefits to New Owner:
ROI. Location.Location.Location. Put it on the market For $600,000 or $150,000-$200,000/Lot (current Values). 1/3 acre lots on railroad tracks just 5 min. across bay are SELLING for $285,000-$300,000!
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General Information
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Development Type: Residential
Development Approvals
All approvals completed, ready to start construction.
Final Subdivision Map
Approved.
Offsites
Approved.
Preliminary Design Work
Completed |
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Utilities Available
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| Water |
Yes |
Gas |
No |
| Sewer/Septic |
Yes |
Phone |
Yes |
| Storm |
No |
Cable |
Yes |
Electricity
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Yes |
Other
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| Land Comments | | Approx. 1.3 acres buildable. Slew coming in from the bay will allows in a small powerboat or waterfront. Docks, piers can be permitted and utilities are at curb. 4 lots valued $150,000-$200,000 each. |
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Annual Income & Expense
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| | Per/Year | % of G.I. | Projected/Year | | Gross Operating Income | $0 | 100% | | | Operating Expenses (-) | $0 | 0% | | | Net Operating Income (=) | $0 | 0% | | | Loan Payments (-) | $0 | 0% | | | CASH FLOW (=) | $0 | 0% | |
| Additional Income & Expense Comments | | May be sold as 4 separate lots (already surveyed). Put it on the market for $600,000 or $150,000-$200,000 a lot. Owner wants a South Florida SFH/CONDO/TOWNHOME. Should easily fetch $600,000. |
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Loans
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| | No information found. |
| Loan Comments | | Owner may consider holding note. |
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Additional Information Available Upon Request
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| No Appraisal available at this time | Maps: Area & Plat
Title Report
Photographs
Environmental Reports
Zoning Information |
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Can Adds
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| | | Property Type | Value | Loans | Equity | Cash Flow (Yr.) | | 1 | Residential Income/Condo(s) | $110,000 | $30,000 | $80,000 | $10,200 | | 2 | Residential Income/Condo(s) | $115,000 | $45,000 | $70,000 | $10,200 | | 3 | Residential Income/House(s) | $230,000 | $22,000 | $208,000 | $18,000 | | | CAN-ADD TOTALS | $455,000 | $97,000 | $358,000 | $38,400 |
| Can Adds Comments | | Looking for a retirement condo/townhome or the like. BUT, open to ALL OFFERS. Make an offer. |
Click to view Other parties that may want what you have based on a computer match from the property records data
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Owner's Profile
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| Occupation Teacher Name Please Sign In or Register to view owner information. | | Why Owner No Longer Wishes to Own This Property | Owner's business no longer requires the property so it is excessive inventory
Have taken property to potential and desire a new opportunity
Want more leverage
Want to move assets to another state
Want to take profit and move on |
| Owner Comments and Benefits desired from Exchange | | South Florida, Washington D.C. Metro Area, will consider other. |
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Will Consider Exchanging For
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Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Commercial, Farm / Ranch, Industrial, Leased, Mixed Use, Multifamily, Residential, Subdivision, Timberland, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other
U.S. Locations
| Map | States/Regions:
Regions: 'WEST', 'SOUTHWEST', 'MIDWEST', 'SOUTHEAST', 'NORTHEAST'Non U.S. Locations
Africa, Australia, Canada, Caribbean, Central America, Europe, Mexico, Middle East, New Zealand, South America, South Seas, Other |  |
| Owner Will Exchange for Additional Comments | | If interested, just make me an offer. Prefer condo/townhome in South Florida or Washington, D.C. Metro area. Open to all offers. |
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Property Represented By
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| Click Here to contact the Owner or Agent representing this property. |
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not guarantee or warranty any information contained herein.
It is your responsibility to seek independent assistance for legal, tax, financial
and physical inspections. All information submitted is subject to errors, omissions,
change of price/value, withdrawal and to any special listing conditions
imposed by the principals.
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