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Pensacola Land with Renovation Project
For Sale
$2,000,000

9720 U.S 98, Pensacola, FL 32506

17.86 acres with renovation project near Perdido Key beaches.

Property Size17 SF
Price / SF$117,647
Days on Market274

Property Features for 9720 U.S 98

General Information

Standard status Active
Size 17 SF
Property subtype Land

Building Details

Year Built 1980
Listing Agency: SVN | Southland Commercial Real Estate
Listed By: Michael Carro, CCIM · License #FL #BK3179263
Source: Svn
Added: Nov 21, 2025 Changed: Aug 9 Last Checked: Aug 22 at 5:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Southland Commercial Real Estate

Investment Insights

Based on property information with market context.

This property features 17.86 acres of land situated along high-visibility Highway 98 West in Pensacola. Included on the property is a 2,446 square foot house that is currently under renovation. The location offers proximity to Perdido Key beaches, NAS Pensacola, and Gulf Islands National Seashore. The area experiences traffic of 20,000 AADT on Highway 98 and 21,000 AADT on Blue Angel Parkway. The property is suitable for an RV park and is positioned to attract seasonal travelers, snowbirds, military visitors, and youth sports tourism.

Key Highlights

  • 17.86± acres on high‑visibility Hwy 98 W, ideal for RV park development.
  • Proximity to Perdido Key beaches, NAS Pensacola, and Gulf Islands National Seashore.
  • Strong demand drivers from seasonal travelers, snowbirds, military visitors, and youth sports tourism.

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

Demographics for 32506, FL

36,017
Population
16,625
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$59,978
Median Household Income
$36,216
Median Earnings
$1,280
Median Rent
$200,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Land - 17.86 acres with renovation project near Perdido Key beaches.
Where is this land located?
The property is located at 9720 U.S 98 Pensacola, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 17.86± acres on high‑visibility Hwy 98 W, **ideal for RV park development.**; Proximity to Perdido Key beaches, NAS Pensacola, and Gulf Islands National Seashore.; Strong demand drivers from seasonal travelers, snowbirds, military visitors, and youth sports tourism.
More about this property
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