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    98 & Blue Angel Pkwy Pensacola, FL 32506

    For Sale
    Contact for pricing

    100-Acre Prime Pensacola Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional ±100-acre development opportunity in Pensacola, Florida, presents a rare chance to capitalize on the area's booming growth. Strategically located at the highly visible intersection of Highway 98 and Blue Angel Parkway, this expansive site offers unparalleled access and visibility. Comprising several parcels totaling between 27 and 45 acres (with the possibility of acquiring additional acreage), the property is zoned HC/LI & HDMI, allowing for diverse development options. Ideal for mixed-use projects, including retail, hospitality, multi-family residential, and other commercial uses, this location benefits from its proximity to key attractions such as the Pensacola International Airport, University of West Florida, NAS Pensacola, and Whiting Field Naval Base, as well as popular beaches like Pensacola Beach and Perdido Key. The strong local economy, fueled by tourism and population growth, creates a high demand for housing and retail space. The seller will consider subdividing the property, and the billboard leases and mineral rights are reserved. This is a premier development site in Northwest Florida, presenting an exceptional investment opportunity. Parcel IDs include 182S311301000001 and a portion of 222S311101000000. Lease expiration is November 21, 2023.

    Property Features for 98 & Blue Angel Pkwy

    General Information

    Property type
    Farms
    Lot Size
    1,176,120 SF

    HighLights

    • Rare ±100‑acre development opportunity in Pensacola, FL.
    • High‑visibility location at Hwy 98 & Blue Angel Parkway intersection.
    • Zoned HC/LI & HDMI, allowing diverse mixed‑use development (retail, hospitality, multi‑family, commercial).
    • Strong local economy with high demand for housing and retail, fueled by tourism and population growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.342407303446
    Latitude
    30.403378999327

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    FAQs

    What type of property is this?
    Farm - 100-Acre Prime Pensacola Site
    Where is this farm located?
    The property is located at 98 & Blue Angel Pkwy Pensacola, FL.
    What are key features of this property?
    This property features: Rare ±100-acre development opportunity in Pensacola, FL.; High-visibility location at Hwy 98 & Blue Angel Parkway intersection.; Zoned HC/LI & HDMI, allowing diverse mixed-use development (retail, hospitality, multi-family, commercial).
    Request Owner's contact information
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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
    98 & Blue Angel Pkwy Pensacola, FL 32506
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