7201 Us-98Pensacola, FL 32506

Exceptional multifamily development opportunity in Pensacola, Florida, awaits. This 3.89-acre parcel boasts an approved development order for a 72-unit apartment complex, zoned High-Density Residential (HDR). Strategically located on US Highway 98, it offers easy access to major roadways and connects to key Pensacola submarkets. The site's central location provides proximity to Pensacola High School, Escambia High School, Pensacola State College, Ascension Sacred Heart Hospital, Baptist Hospital, various restaurants, beaches, and the significant Naval Air Station Pensacola. This presents a compelling investment prospect, given its approved plans, desirable zoning, and advantageous location near established residential areas, educational institutions, and healthcare facilities. The land is priced at $1,220,000. The development order allows for the construction of a 72-unit apartment building, capitalizing on the strong demand for housing in this thriving area. This is a rare opportunity to acquire a fully permitted development site ready for immediate action.