7998 Mobile HwyPensacola, FL 32526

This exceptional 5.31-acre commercial land parcel presents a prime development opportunity in Pensacola, Florida. Strategically located at the hard-lit intersection of Beulah Road and Mobile Highway, this property boasts a coveted LDMU (Low Density Mixed Use) zoning designation, recently rezoned in October 2023. Its prime location is just one mile south of the Nine Mile Road and Beulah Road intersection, home to a newly developed Publix supermarket and numerous other retail establishments. The site benefits from exceptional proximity to major employers and amenities, including the Pensacola headquarters of Navy Federal Credit Union (nearly 10,000 employees) and its adjacent recreation park, as well as OLF-8, a 540-acre site currently under bid for large-scale multi-use development. The surrounding area showcases significant recent growth, including the construction of two new schools, multiple convenience stores, and a thriving retail center featuring a Publix with a new store layout, along with several restaurants and other businesses. Further development is planned, including a Pen Air Federal Credit Union branch and a Rich's Car Wash. The area also experiences robust residential growth, with several large-scale residential developments underway by builders such as DR Horton, Adams Homes, and Lennar, alongside multiple multi-family complexes. This property offers unparalleled potential for developers seeking to capitalize on Pensacola's flourishing market and vibrant community. The asking price is $2,495,000. The property's address is 7998 Mobile Hwy, Pensacola, FL 32526, within Escambia County.