Highway 98
Pensacola, FL 32506
 Prime +/- 85-Acre Development Opportunity · Land For Sale · 85.00 AC

Residential Land & Home Lots Florida Pensacola Highway 98, Pensacola, FL 32506

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INVESTMENT HIGHLIGHTS

  • Rare opportunity to purchase one of the largest and best undeveloped sites available in Northwest Florida
  • Excellent mixed-use development site suitable for multi-family, high density residential, retail, hospitality, and other commercial uses
  • Pensacola benefits from strong military and financial sector employment as well as being home to the University of West Florida
  • Premier development site with over +/- 85 acres available on the north and south side of Hwy 98
  • The site is centrally located in Pensacola an is close proximity to the downtown area, NAS military base, Perdido Key, and surrounding Pensacola marke
  • Strong median income, high population growth, and tourism has helped fuel housing and retail demand in Pensacola over the recent couple of yearss

EXECUTIVE SUMMARY

Prime +/- 85-acre development site available in the heart of Pensacola, Florida. The property consists of several parcels on the north 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 near the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach.
The owner will consider subdividing the northern as shown on the aerial with breakout pricing. The seller reserves the billboard leases and mineral rights, if any.

PROPERTY FACTS

Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Auto Repair
  • Healthcare
  • Hotel
  • Manufactured Homes or Mobile Home Park
  • Master Planned Community
  • Medical
  • Planned Unit Development
  • Public Park
  • Religious Facility
  • Restaurant
  • Schools
  • Self Storage
  • Strip Center
Total Lot Size 85.00 AC
Cross Streets Blue Angel Parkway
Zoning HC/LI & HDMU - Heavy commercial light industrial and high density mixed use.

2 LOTS AVAILABLE

Lot 1-B

Price $999,000
Price Per AC $24,975.00
Lot Size 40.00 AC

Lot 1-C

Price $349,000
Price Per AC $7,755.56
Lot Size 45.00 AC

DESCRIPTION

The acreage is zoned Heavy Commercial Light Industrial (HC/LI), allowing for a wide variety of commercial and residential uses. The permitted density varies on the proposed use and site plan approval through the county. Please contact the broker for more information on the development code and zoning documents. The owner will consider subdividing the northern and southern tracts, as shown on the aerial with breakout pricing. The seller reserves the billboard leases and mineral rights on the property, if any.

LINKS

PROPERTY TAXES

Parcel Number 22-2S-31-1101-000-000 Improvements Assessment $0
Land Assessment $631,350 Total Assessment $631,350
 

  • Listing ID: 17029517

  • Date on Market: 8/26/2019

  • Last Updated:

  • Address: Highway 98, Pensacola, FL 32506

The Outer Southwest Pensacola Land Property at Highway 98, Pensacola, FL 32506 is currently available. Contact Bellcore Commercial, LLC for more information.

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