7201 W Highway 98
Pensacola, FL 32506
7201 W Highway 98 · Land For Sale
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3.90 AC
Investment Highlights
- Centrally located in Pensacola Market
- Near the NAS Pensacola military base, colleges, and other residential developments
- Excellent 72-unit multifamily development site with sealed plans and development order (pending approval)
Property Facts
Description
Home to more than 450,000 people, Greater Pensacola boasts a well-educated, highly-trained workforce. The Pensacola region boasts one of the best economic and business regions on the Gulf Coast due to its strong trade and commerce across the world and strong military presence. Forbes has ranked Pensacola as one of the top 100 cities for the cost of doing business. Major industries such as aerospace, defense, manufacturing, medical, and professional services benefit primarily from the stable economy and no state income taxes. The area's colleges and technical institutes include the University of West Florida, Pensacola State College, George Stone Technical, and Locklin Technical. The most significant economic driver in Pensacola is the Department of Defense (DoD) which has a total economic impact of over $7.8 billion. Pensacola, FL, is home to some of the most famous military bases globally, including Naval Air Station (NAS) Pensacola, Saufley Field, Corry Station, and NAS Whiting Field. The defense industry and supporting government contractors supply more than 80,000 jobs in the Pensacola, FL region. The Greater Pensacola area is also home to more than 35,000 military retirees, the second largest concentration in the nation.
