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    Highway 98 Pensacola, FL 32506

    For Sale
    $1,250,000

    Land/Acreage - Pensacola, FL

    Lot size:
    85.00 Acres
    Days on Market:
    379
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for Highway 98

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    182S311301000001
    Lot size
    85.00 Acres

    Building Details

    Architectural style
    Other

    Bellcore Commercial LLC (850) 434-3434

    Listing agent Harry Bell (850) 434-3434

    Listing date Nov 25, 2024

    MLS# 556169 Listing URL

    Copyright © 2025 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pensacola Development Site on Hwy 98

    This is a prime +/- 85-acre development site situated in the heart of Pensacola, Florida. The property comprises several parcels located on the north side of Hwy 98, specifically at the signaled intersection of Blue Angel Pkwy and Hwy 98. Centrally positioned within the rapidly expanding Pensacola Metropolitan Statistical Area (MSA), the site benefits from its proximity to the core retail trade area, the airport, a hospital, the University of West Florida, NAS Pensacola, Whiting Field Naval Base, and popular tourist beach destinations including Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach. The owner is open to considering the subdivision of the northern portion as depicted on the aerial, with pricing details available upon request. It is important to note that the seller retains the billboard leases and any existing mineral rights associated with the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.330266455
    Latitude
    30.401059659

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    FAQs

    What type of property is this?
    Land - Prime 85-acre development site in the heart of Pensacola, Florida.
    Where is this land located?
    The property is located at Highway 98 Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime 85-acre development site in Pensacola, Florida.; - Located at the signaled intersection of Blue Angel Pkwy and Hwy 98.; - Centrally located near core retail, airport, hospital, and University of West Florida.
    (850) 434-3434
    Request Owner's contact information
    Highway 98 Pensacola, FL 32506
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    Pensacola, FL 32506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Highway 98 Pensacola, FL 32506
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