Excellent opportunity to purchase +/- 1.24 acres of vacant commercial land in Pensacola, FL. The property is located just off N Navy Blvd which experiences over 42,000 cars per day and leads directly to Pensacola Naval Air Station. The property has been approved for multifamily development to cater to the area’s explosive growth with new families, veterans and students. The site is located just south of the Walmart Supercenter located on N Navy Blvd in the highly trafficked retail trade area of the West Pensacola sub-market. The site is in close proximity to the Pensacola Naval Air Station, Pensacola State College, and downtown Pensacola. Pensacola has a strong economy due to its tourism, military presence, housing, and retail demand. Nearby retailers and restaurants include ALDI, Winn-Dixie, Walmart, Lowe's, The UPS Store, Dollar Tree, O'Reilly Auto Parts, McDonalds, Chic-fil-a, Taco Bell, and many others.