Prime Development Opportunity
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Olive Road in Pensacola
Pensacola continues to see strong demand for residential and mixed-use development, especially along major traffic corridors with established infrastructure. This 3.99-acre parcel presents a rare near shovel-ready development opportunity in one of Pensacola, Florida’s most active growth areas.
2800 Olive Road
HDR / HDMU
3.99 Acres
Zoned HDR / HDMU, the property is suitable for high-density residential or mixed-use development. Its position along heavily traveled Olive Road provides excellent visibility and access, while a secondary road frontage option allows for flexible site design, improved circulation, and long-term development value. This location places the property near established neighborhoods, employment centers, and key amenities that continue to drive housing demand in the Pensacola market.
A major advantage of this site is the significant due diligence and entitlement work already completed. A previously approved 98-unit residential project totaling approximately 51,000 square feet of heated space was substantially through the approval process before being paused. This allows a new investor or developer to step in with meaningful time and soft cost savings compared to pursuing a project from the ground up.
Surveys and environmental reports have already been completed, and most county approvals are secured. This reduces entitlement risk and shortens development timelines, creating a more predictable path toward construction. For developers focused on speed to market, this level of preparation is increasingly difficult to find in Pensacola and surrounding areas.
For those with a different vision, the property also offers flexibility. With zoning in place and key groundwork completed, developers retain the ability to reconfigure or redesign the project while still benefiting from the existing approvals and studies. This balance of certainty and flexibility makes the site attractive to both experienced developers and long-term investors evaluating future growth in Northwest Florida.
Offered at $600,000, this Olive Road property represents a strategic acquisition for buyers seeking development-ready land, strong market fundamentals, and long-term upside in Pensacola’s evolving real estate landscape.
