$1,250,000
0 Hwy 98 Pensacola, FL 32506
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Listed by Harry Bell • Bellcore Commercial LLC
$1,250,000
Est. payment /mo
100 Acres Lot
Active
0 Hwy 98 Pensacola, FL 32506
UPDATED:
03/25/2024 04:58 PM
Key Details
Property Type Vacant Land
Sub Type Land/Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 556169
HOA Y/N No
Originating Board Pensacola MLS
Lot Size 100.000 Acres
Acres 100.0
Property Description
Prime +/-100 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 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 stretches 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 in 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
Location
State FL
County Escambia
Zoning County,Industrial
Exterior
Waterfront No
View Y/N No
Building
Lot Description Corner Lot
Faces Hwy 98 to Blue Angel. Properties are directly across the street from each other. The commercial site is across from the urgent care.
Water Public
New Construction No
Others
Tax ID 182S311301000001
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