More Information
ONLINE ONLY REAL ESTATE AUCTION
Bidding will start at $775,000
Bidding Ends: Tuesday November 10th at Noon
PROPERTY ADDRESS:1301-1305 East La Rua Street, Pensacola, FL 32501
Escambia County Parcel ID: 000S009025001065 & 000S009025002065
Rare East Hill redevelopment opportunity with City approvals and permits already in place! Two adjoining parcels are sold together as one package, totaling approx. 135' x 137.5' (0.426± acres) on a corner lot across from a public park, minutes from Downtown Pensacola. The City has approved a subdivision into THREE residential lots: one corner lot approx. 50' x 137.5' and two interior lots approx. 42.5' x 137.5' each. Completed pre-development work includes a paid demolition permit, a paid arborist permit for tree removal with signs already posted, subdivision approval, existing boundary surveys, and front yard averaging (completed July 23, 2025), with documentation available. Zoned R-1AA with no Historic District restrictions. The elevated site offers potential Pensacola Bay views from new construction.
Prefer to hold? Both homes (3BR/2BA, 1,830± SF and 3BR/1BA, 1,524± SF) can bring in rental income while you plan your build. Build three new East Hill homes, sell improved lots, or hold and rent. Opportunities like this are increasingly rare. Parcels will not be sold individually.
Lot Size: 0.42 acres (combined)
Annual Taxes: $ 6,128 (combined approx)
Property Map
Basic Terms:
Real Estate sells subject to seller confirmation. 10% down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Disclaimer & Legal Disclosure: Information contained herein was obtained from sources deemed reliable. However, neither Florida Real Estate Auctions, LLC, Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see & complete Realtor Registration form attachment. Please call Auctioneer to schedule all showings.