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For Sale


0 HWY 98
Pensacola, FL 32506

Prime 1,000+ acre development site available in the heart of Pensacola, Florida. The site is one of the largest and best commercial, mixed use, and residential development sites available in Northwest Florida and the Gulf Coast. The property consists of several parcels on the north and south side of Hwy 98 at the signaled intersection of Blue Angel Pkwy and Hwy 98. The site is centrally located in the booming Pensacola MSA and is the ideal location for a mixed-use retail, hotel, multi-family, and residential development. The property has excellent visibility and access along the highly trafficked Hwy 98 which serves as the major arterial in NW Florida and stretching all the way to Alabama and southern Florida. The Pensacola market has experienced explosive growth in recent years due to the high population growth and strong median income. The strong economy and tourism has fueled the housing and retail demand in Pensacola over recent years. Pensacola benefits from the financial sector employment including Navy Federal Credit Union which recently announced expansion plans to double its workforce by 2020 and employment total to more than 10,000. The government has a substantial presence in the metro with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. There have been several new developments in the immediate vicinity with the brand new Perdido Urgent Care across the street and a newly built strip center adjacent to the site. The property is close proximity to the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and the beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach. The acreage is zoned Heavy Commercial Light Industrial (HC/LI) and High Density Mixed Use (HDMU) which allows for a wide variety of commercial and residential uses. The density allowed varies on the proposed use and site Read More

Market Status
Last Updated
June 8, 2021

Property Type
Property Type

Local Market Conditions

There are currently 411 properties for sale in the Pensacola, FL area with the average listing price of $436,248. This represents a decrease of -0.5% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -8.3% decrease. To learn more about the Pensacola, FL area, contact a local expert!

Market Snapshot for Pensacola, FL

Avg. Listing Price


Wk ending Jun 12










Average Listing Price for Pensacola, FL
No. BedroomsNo. Beds Week Ending
(Jun 12)
w-o-w Week Ending
(Jun 5)
Week Ending
(May 29)
Week Ending
(May 22)
All PropertiesAll $436,248 -0.5% $438,421 $440,507 $456,255
1 bedroom1 BR $255,914 -1.1% $258,771 $261,671 $230,340
2 bedrooms2 BR $215,181 -8.3% $234,654 $227,579 $245,956
3 bedrooms3 BR $341,732 -0.9% $344,808 $343,930 $354,875
4 bedrooms4 BR $649,390 +1.4% $640,464 $685,073 $672,453

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Listing Provided By:


This $4,644,500 Land at 0 HWY 98 in Pensacola, FL is presented by HARRY BELL. This $4,644,500 Land, located in the 32506 zip code, has the following property features: Property Type. This 0 HWY 98 Land is listed under MLS listing number 556169 and has a listing price of $4,644,500. You can find more Pensacola homes for sale here.

Data Provided by Pensacola Association of REALTORS®, Inc.

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