Mixed-Use Land for Sale in Pensacola, Florida
E Olive Rd, Pensacola, FL 32514
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.
Location
- Street address
- E Olive Rd
- County
- Escambia County
- Elevation
- 109 feet
Directions
2800 Blk of Olive Rd - Corner of Olive Rd and Caminitti Rd
Property details
- Acreage
- 4.03 acres
- MLS #
- PAR 676185
- Posted
Parcels
- 171S302101000116
Legal description
COM SE COR OF NW 1/4 OF SEC 17 N 02 DEG 31 MIN 47 SEC E ALG E LI OF NW 1/4 35 FT TO INTER N R/W LI OLIVE RD (70 FT R/W) N 87 DEG 28 MIN 13 SEC W ALT N R/W LI 115.04 FT FOR POB N 87 DEG 28 MIN 13 SEC W ALG N R/W LI 162.26 FT N 87 DEG 45 MIN 12 SEC W ALG N R/W LI 196.70 FT N 03 DEG 37 MIN 35 SEC E 484.95 FT S 87 DEG 49 MIN 28 SEC E 130.83 FT N 03 DEG 35 MIN 41 SEC E 149.85 FT S 87 DEG 39 MIN 46 MIN E 65.41 FT S 03 DEG 34 MIN 35 SEC W 282.67 FT S 87 DEG 05 MIN 03 SEC E 252 FTTO INT W R/W LI CAMINITY LANE S 03 DEG 26 MIN 52 SEC W ALG W R/W LI 150.01 FT N 87 DEG 05 MIN 03 SEC W 90.39 FT S 03 DEG 29 MIN 26 SEC W 201.08 FT TO POB OR 8538 P 856 OR 8577 P 1399
Details and features
Listing
- Type
- Land
- Zoning
- Res Multi, High Density Mixed Use
Lot
- Waterfront
- Waterfront
- Features
- Central Access, Corner Lot, Curb/ Gutter, Wooded
Structure
- Water
- Public
Nearby schools
| Name | Type |
|---|---|
| Ferry Pass | Elementary |
| Ferry Pass | Middle |
| Pine Forest | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 9, 2026 | Relisted | $600,000 | — | PAR |
| Jan 21, 2026 | Listing removed | $600,000 | — | Listing agent |
| Jan 16, 2026 | New listing | $600,000 | — | PAR |