Address
0 Hwy 98 Pensacola, FL
Price
$ 4,644,500
Property Attributes
  • MLS#556169
  • TypeLand
  • CountyESCAMBIA
  • CityPensacola
  • AreaEscambia
  • Zip32506
  • StyleLand/Acreage
  • Price$ 4,644,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1017 Acres
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices PenFed Realty
Data Source:
Pensacola Association of REALTORS® (PARMLS) - 56 - FL
Property Description

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

Elementary School Middle School High School
Pleasant Grove Elementary School Bailey Middle School Escambia High School
Price History
6/21/2019 Listed $46,000

General Features

Association Y/N No
Building Area Units Square Feet
City Pensacola
County Escambia
Current Use Agricultural, Commercial, Mobile Home, Multi-Family, Other
Days on Market 677
Directions Hwy 98 to Blue Angel. Properties are directly across the street from each other. The commercial site is across from the urgent care.
Elementary School Pleasant Grove
High School Escambia
Listing Agent Name Harry Bell
Middle/Junior High School Bailey
Property SubType Land/Acreage
Property Type Land
Sewer Public Sewer
Showing Instructions Vacant
Standard Status Active
Status Active
Street Name Hwy 98
Subdivision Name None
Topography Level
Zoning Description County, Industrial

Interior Features

Living Area Units Square Feet

Exterior Features

Lot Features Corner Lot
Lot Size Acres 1017
Lot Size Area 1017
Lot Size Square Feet 44300520
Lot Size Units Acres
Road Frontage Type Easement
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 32506

Price
AVG $240K
$4.64M
Visits
AVG 59
225

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