2800 olive road, pensacola

3.99 Acres Zoned HDR / HDMU

This 3.99-acre parcel presents a rare, near shovel-ready development opportunity in a high-demand corridor. Zoned HDR/HDMU, the site is ideally suited for high-density residential or mixed-use development.

Located along the heavily traveled Olive Road, the property offers strong visibility and access, with the added advantage of a secondary road frontage option—enhancing design flexibility, circulation, and future value.

A previously approved 98-unit residential project totaling approximately 51,000 square feet of heated space was nearly completed and ready to break ground, allowing a new investor or developer to step in and pick up where the prior team left off. This represents a significant savings of time, entitlement risk, and soft costs compared to starting from scratch.

Key highlights include:

• 3.99 acres zoned HDR / HDMU

• Frontage on busy Olive Road plus secondary access option

• Prior 98-unit project substantially through approvals

• Surveys and environmental reports completed

• County approvals secured for most of the project

• Major entitlement and planning work already done

Alternatively, the property offers a blank canvas for a new vision. With critical due diligence already completed and approvals largely in place, this site dramatically reduces development timelines while preserving flexibility for a customized project.

This is a strategic acquisition for developers and investors seeking speed to market, entitlement certainty, and long-term upside in a growing area.