$299,900 - 5370 N Blue Angel Pkwy, Pensacola

*** Recently Reduced $50,000 – Seller Motivated 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 being sold together—one fronting Blue Angel Pkwy and the other Perkins Street—totaling 1.42+ acres with approx.186 ft of frontage on Blue Angel and 321 ft on Perkins. Separate parcel:36-2S-31-1005-006-001. Property features a ~2,233 sq ft main home plus a fully separate 900 sq ft cottage/mother-in-law suite, creating dual-income potential and long-term redevelopment flexibility. ??Projected Rental Income After Renovation:Main House $1,900/mo;Cottage $850/mo.Total Monthly Potential:$2,750.Total Annual Potential:$33,000. Ideal for long-term rental portfolio, live-in-one/rent-the-other strategy, short-term rental potential (buyer to verify), or multi-generational living setup. ??Zoned LDR(Low Density Residential)–Value-Add & Development Potential.Subject to county approval, possible strategies include adding additional income-producing dwelling unit(s), duplex or multi-unit configuration(if approved by county), expanding existing structures to increase rentable square footage. 15 mature producing pecan trees enhance usability and land value. Main home features a brand-new roof(August 2025), reducing near-term capital expenses. Owner will entertain the possibility of owner financing with a minimum 25% down payment, subject to agreed terms. Located minutes from NAS Pensacola, shopping, schools, restaurants, Pensacola Beach, and Perdido Key beaches. Strong frontage, usable acreage, rental income potential, and development flexibility position this as a rare large-lot investment opportunity in one of Pensacola’s expanding corridors.