The Nine Mile Road corridor is poised for major growth in the coming years. Navy Federal Credit Union is under a massive expansion of its Beulah campus. This long-range expansion plan promises to create a $1 billion campus with as many as 10,000 jobs by 2020. Next door, officials with the Greater Pensacola Chamber have hammered out a plan to construct a massive, shovel-ready commerce park on land currently owned by the U.S. Navy. The plan, which would take at least two years to complete, is calculated to take advantage of a $600 million expansion of Airbus at Mobile’s Brookley Field. The plan’s architects believe the park, strategically located near Interstate 10 and the Alabama state line, would become a magnet for aerospace subcontractors and could generate 4,000 to 8,000 new jobs. This 3.53-acre property is located on the north side of Nine Mile Road, also known as Highway 90 in Pensacola, Florida. This is the major east west thoroughfare in North Pensacola. This property is located between Interstate 10 and Highway 29 (within two miles of both), which allows access to most anywhere in Pensacola within fifteen minutes. Over the last few years, this area has experienced tremendous growth with both residential and commercial developments. Nature Trail is a high end gated community located 3 miles west of this property. The development consists of 770 acres containing 659 single family lots. Over 250 existing homes, another 100 under construction with an additional 13 building permits reviewed each week. Nine Mile Road is funded for expansion to four-lanes, which is currently under construction. This will expand the infrastructure directly in front of this site.
Listing courtesy of SVN Southland Commercial Real Estate.
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