Listing ID556169
Price$1,250,000
StatusActive
Acres
100
CountyEscambia
SubdivisionNone
Property TypeLand
Property Sub TypeLand/Acreage
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
County
Escambia
Property Sub Type
Land/Acreage
Property Type
Land
Subdivision
None
Horse
no
Lot Features
Corner Lot
Lot Size Area
100
Lot Size Square Feet
4356000
Lot Size Units
Acres
Road Frontage Type
Easement
Sewer
Public Sewer
Water Source
Public
Association
no
Country
US
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
Geo Match Code
3
Geo Matched Method
2
Geo Quality
1
Geo Zoom Level
14
High School
Escambia
Middle Or Junior School
Bailey
Primary City
Pensacola
Topography
Level,Rolling,Wetlands
Zoning Description
County,Industrial
Assignment of Interest
No
Buyer Agency Compensation
3%
Current Use
Agricultural, Commercial, Mobile Home, Multi-Family, Other
Documents Available
Aerial Photo
Documents Count
3
Dual Variable Compensation
no
List Date
2019-06-21T00:00:00+00:00
Mls Status
Active
Transaction Broker Compensation
3%
Land Lease Amount Frequency
Annually
Leasable Area Units
Square Feet
Price/SqFt
12500
Sale/Rent
For Sale
Contact - Listing ID 556169
SHARON H HERRICK
1312 E CERVANTES STREET
PENSACOLA, FL 32501
Phone: 850-477-7050
Data services provided by IDX Broker