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    9716 W Highway 98 Pensacola, FL 32506

    Source: https://www.saltercompany.com
    For Sale
    $325,000

    High-traffic location, near Publix.

    Property size:
    32,811 SF

    Description

    Added:
    Feb 17, 2025
    Days on Market:
    298
    This exceptional 0.75-acre commercial lot presents a remarkable investment opportunity in Pensacola, Florida. Strategically located adjacent to a Publix supermarket and other national retailers, this property benefits from high visibility and convenient access. The lot is situated less than a mile from the intersection of Blue Angel Parkway and Highway 98 West, a major thoroughfare boasting a substantial daily traffic count of 20,000 vehicles. The entire 0.75 acres has been cleared of brush, making it ready for immediate development. A completed wetland study is available for review. This property offers significant potential for a variety of commercial uses, capitalizing on its prime location and high traffic volume. Note that an adjacent 0.75-acre lot (9700 block Highway 98 West) is also available for purchase, and the seller is offering a combined price reduction for the purchase of both parcels. The asking price for this individual 0.75-acre lot is $325,000. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Pensacola. Contact us today to learn more and schedule a viewing.

    Property Features for 9716 W Highway 98

    General Information

    Property type
    Other land
    Square Feet
    32,811 SF
    Price / Square Foot
    $9
    Elevators
    N/A
    Lot Size
    32,670 SF

    HighLights

    • Prime .75‑acre commercial lot in Pensacola, FL, adjacent to Publix.
    • High‑traffic location near Blue Angel Parkway and Highway 98, boasting 20,000 CPD.
    • Cleared and ready for development; wetland study completed.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.349194
    Latitude
    30.404084

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    FAQs

    What type of property is this?
    Land - High-traffic location, near Publix.
    Where is this land located?
    The property is located at 9716 W Highway 98 Pensacola, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Prime .75-acre commercial lot in Pensacola, FL, adjacent to Publix.; High-traffic location near Blue Angel Parkway and Highway 98, boasting 20,000 CPD.; Cleared and ready for development; wetland study completed.
    (850) 525-7526
    Request Owner's contact information
    9716 W 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    9716 W Highway 98 Pensacola, FL 32506
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