For sale - Active

5370 N Blue Angel Pkwy, Pensacola FL 32526

Beds: 3
Bathrooms: 2
Parking: Driveway
sqft: 3,133
sq.ft: $80

About this place

*** Recently Reduced $50,000 – Great Opportunity on N. Blue Angel Parkway Income-Producing Opportunity | Two Deeded Lots | 1.42+ Acres | Zoned LDR *** Prime investor and builder opportunity on a high-visibility corner lot on N. Blue Angel Parkway. Two separate deeded parcels are being sold together—one fronting Blue Angel Pkwy and the other Perkins Street—totaling 1.42+ acres with approximately 186 ft of frontage on Blue Angel and 321 ft on Perkins. Separate parcel included: 36-2S-31-1005-006-001. The property features an approximately 2,233 sq ft main home plus a fully separate 900 sq ft cottage/mother-in-law suite, creating excellent dual-income potential and long-term redevelopment flexibility. Projected Rental Income After Renovation: • Main House: Approximately $1,900/month • Cottage: Approximately $850/month • Total Monthly Potential: Approximately $2,750 • Total Annual Potential: Approximately $33,000 Ideal for a long-term rental portfolio, live-in-one/rent-the-other setup, short-term rental potential (buyer to verify), or multi-generational living arrangement. Zoned LDR (Low Density Residential) – Value-Add & Development Potential. Subject to county approval, potential opportunities may include adding additional income-producing dwelling unit(s), duplex or multi-unit configurations, or expanding existing structures to increase rentable square footage. The property is enhanced by 15 mature producing pecan trees, adding beauty, shade, and character to the land. The main home also features a brand-new roof (August 2025), helping reduce near-term capital expenses and adding long-term value. Conveniently located just minutes from NAS Pensacola, shopping, restaurants, schools, Pensacola Beach, and Perdido Key beaches. Strong road frontage, usable acreage, multiple living spaces, rental income potential, and development flexibility make this a rare large-lot opportunity in one of Pensacola’s rapidly growing corridors. Recently reduced and ready for its next