0 HWY 98
PENSACOLA, FL, 32506
$4,644,500
Beds
Baths
0 SqFt
1017 Acres
$4,644,500
0 HWY 98
PENSACOLA, FL, 32506
Prime 1,000+ acre development site available in the heart of Pensacola, Florida. The site is one of the largest and best commercial, mixed use, and residential development sites available in Northwest Florida and the Gulf Coast. The property consists of several parcels on the north and south side of Hwy 98 at the signaled intersection of Blue Angel Pkwy and Hwy 98. The site is centrally located in the booming Pensacola MSA and is the ideal location for a mixed-use retail, hotel, multi-family, and residential development. The property has excellent visibility and access along the highly trafficked Hwy 98 which serves as the major arterial in NW Florida and stretching all the way to Alabama and southern Florida. The Pensacola market has experienced explosive growth in recent years due to the high population growth and strong median income. The strong economy and tourism has fueled the housing and retail demand in Pensacola over recent years. Pensacola benefits from the financial sector employment including Navy Federal Credit Union which recently announced expansion plans to double its workforce by 2020 and employment total to more than 10,000. The government has a substantial presence in the metro with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. There have been several new developments in the immediate vicinity with the brand new Perdido Urgent Care across the street and a newly built strip center adjacent to the site. The property is close proximity to the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and the beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach. The acreage is zoned Heavy Commercial Light Industrial (HC/LI) and High Density Mixed Use (HDMU) which allows for a wide variety of commercial and residential uses. The density allowed varies on the proposed use and site

Property Details

Price:
$4,644,500
MLS #:
556169
Status:
Active
Address:
0 HWY 98
Type:
Land
City:
PENSACOLA
Listed Date:
Jun 21, 2019 (171 days)
State:
FL
ZIP:
32506
Lot Size:
44,300,520 sqft / 1,017.00 acres (approx)

Schools

Elementary School:
PLEASANT GROVE
Middle School:
BAILEY
High School:
ESCAMBIA

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Information is deemed reliable but not guaranteed. Based on the information from the Pensacola Association of Realtors (PAMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is based on data available to the associate, including county records. The information has not been verified by the associate and should be verified by the buyer. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer’s agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation. Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty. Last updated on 2019-12-09.
0 HWY 98
PENSACOLA, FL