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    7599 Scenic Hwy Pensacola, FL 32504

    For Sale
    $1,600,000

    2.7-Acre Waterfront Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.7-acre commercial land parcel in Pensacola, Florida, presents a unique investment opportunity. Located on Scenic Highway, overlooking Escambia Bay, the property boasts stunning waterfront views and high visibility. Zoned COM, it's ideal for hospitality, quick-service restaurants (QSR), or other commercial developments. The site's prime location offers easy access to Interstate 10, which sees 68,000 vehicles daily, ensuring significant traffic exposure. Pensacola International Airport, with a record 2.65 million passengers in 2024, further enhances the property's appeal. The seller's original plan for a four-story Hampton Inn highlights the site's development potential. This property sits on Florida's tallest coastal bluffs, offering breathtaking views of Escambia Bay, a location historically significant since 1559. An adjacent vacant lot is also available for purchase, creating an assemblage opportunity for a larger 3.55+ acre waterfront tract. The asking price is $1,600,000. APN: 061S291007000003.

    Property Features for 7599 Scenic Hwy

    General Information

    Property type
    Land
    Lot Size
    117,612 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.161046626531
    Latitude
    30.504376732529

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    FAQs

    What type of property is this?
    Land - 2.7-Acre Waterfront Development Site
    Where is this land located?
    The property is located at 7599 Scenic Hwy Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (850) 430-1503
    Request Owner's contact information
    7599 Scenic Hwy Pensacola, FL 32504
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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
    7599 Scenic Hwy Pensacola, FL 32504
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