72-Unit Multifamily Apartment Development

7201 US Highway 98, West Pensacola, FL 32506

  • For Sale $1,296,000
  • Property Type VacantLand
  • Lot Size 3.89 Acre
  • Additional Rent Contact for pricing
  • Date Updated Jun 5, 2024
Pensacola, nestled along Florida's Gulf Coast near the Florida/Alabama border, has emerged as a vibrant hub experiencing remarkable growth driven by burgeoning population numbers and robust median incomes. This expansion owes much to a thriving economy and burgeoning tourism sector, igniting significant demand for housing and retail spaces. Notably, the metropolitan area hosts a substantial government presence, with NAS Pensacola employing over 23,000 military and civilian personnel near the city. Situated near key locales like the airport, hospital, University of West Florida, and military installations such as NAS Pensacola and Whiting Field Naval Base, Pensacola benefits from its strategic positioning amidst renowned tourist destinations like Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach. The Pensacola area is also home to more than 35,000 military retirees, the second largest concentration in the nation.An exceptional multifamily development opportunity is available in Northwest Florida on +/- 3.89 acres. This location offers easy access to US Highway 98, the primary route for the panhandle Florida markets, and links to other key Pensacola submarkets. Seller has an approved Development Order for a 72-unit apartment complex and the property is zoned as High-Density Residential (HDR). Centrally positioned within the Pensacola market, the site is near Pensacola High School, Escambia High School, Pensacola State College, Ascension Sacred Heart Hospital, Baptist Hospital, restaurants, beaches, and Naval Air Station Pensacola.

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Highlights

  • +/- 3.89 Acres
  • Zoned HDR
  • Approved 72-Unit Multifamily Apartment Development Order
  • Near the NAS Pensacola military base, colleges, and other residential developments

Contacts

broker

Harry Bell Jr.

Bellcore Commercial

Location

Getting Around

  • Walk Score ®

    32/100 Car-Dependent

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City West Pensacola, FL
  • Neighborhood Myrtle Grove
  • Zip Code 32506
  • Market Pensacola

Points of Interest

  • Palmetto Beach Park

    2.92 miles

  • Pensacola

    6.76 miles

  • Nex

    1.18 miles

  • Shell

    2.05 miles

  • Tom Thumb

    2.07 miles

  • Exxon

    2.09 miles

  • Quick Fill

    2.14 miles

  • T & C Number Three Food Mart

    2.15 miles

  • Shell

    2.36 miles

  • Tom Thumb

    2.42 miles

  • Quick Food Mart

    2.50 miles

  • Murphy USA

    3.24 miles

  • Dickinson Park

    0.89 miles

  • Lighthouse Parking

    3.51 miles

  • Bayou Boulevard Garage

    7.77 miles

  • Parking Lot K

    7.78 miles

  • Parking Lot J

    7.81 miles

  • Parking Lot I

    7.98 miles

  • 9th Avenue Garage

    7.99 miles

  • Parking Lot G2

    8.00 miles

  • Parking Lot E

    8.02 miles

  • Parking Lot F

    8.05 miles

  • Ashton Inn & Suites

    1.90 miles

  • Quality Inn N.A.S. - Corry

    1.92 miles

  • Quality Inn N.A.S. - Corry Building 2

    1.93 miles

  • Super 8 Pensacola N.A.S. Corry

    1.95 miles

  • Ashton Inn Extended Stay - Corry

    2.04 miles

  • Suburban Extended Stay Hotel Naval Base area

    2.19 miles

  • Holiday Inn Express Hotel & Suites - Pensacola West-Navy Base

    2.20 miles

  • Circle Motel

    3.14 miles

  • Western Inn

    3.16 miles

  • Super 8 by Wyndham Pensacola West

    3.18 miles

  • Burger King

    0.74 miles

  • Wendy's

    0.91 miles

  • Brother’s BBQ

    1.58 miles

  • Arby's

    1.69 miles

  • Papa John's

    1.73 miles

  • Popeyes

    1.78 miles

  • Hardee's

    1.80 miles

  • Cazadores Mexican Restaurant

    1.80 miles

  • Dominos

    1.80 miles

  • IHOP

    1.81 miles

  • Navy Point Elementary School

    1.17 miles

  • Pensacola State College - Warrington Campus

    1.31 miles

  • Anderson School

    1.66 miles

  • Little Flower Catholic School

    1.78 miles

  • Warrington Elementary School

    1.86 miles

  • Myrtle Grove Elementary

    1.89 miles

  • Saint John the Evangelist Catholic School

    2.01 miles

  • Escambia High School

    2.06 miles

  • Pensacola Boys Base

    2.08 miles

  • Redeemer Lutheran School

    2.14 miles

  • Brite Start Learning & Child Care Center

    3.55 miles

  • Kinder Care Learning Center

    9.19 miles

  • Malena's Mini School

    9.49 miles

  • Kid's Place Learning Center

    9.72 miles

  • Kid's Klub

    9.80 miles

Frequently Asked Questions

How much does 72-Unit Multifamily Apartment Development cost?

The space currently listed for sale at 72-Unit Multifamily Apartment Development asks for $1,296,000.

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Contact Listing Broker

broker

Harry Bell Jr.

Bellcore Commercial