3400 12Th AvePensacola, FL 32503

Property Details for 3400 12Th Ave

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

1,548 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Auto shops

APN

03-2S-30-2000-005-004

APU

032S302000005004

Description

This exceptional commercial property, located at 3400 N 12th Ave in Pensacola, Florida, presents a unique investment opportunity. The 1,544 square foot building sits on a 0.435-acre lot and is zoned C-3, allowing for a variety of uses including auto shop, restaurant, or warehouse. Currently vacant, this single-story building offers significant potential for owner-users or investors seeking a prime location. The property boasts excellent visibility and convenient access on N 12th Ave (6,700 AADT) and Texar Drive (4,100 AADT), placing it within easy reach of key amenities. Nearby attractions include Cordova Mall, Ascension Sacred Heart Hospital, AMC Movie Theaters, Cactus Flower Cafe, and numerous restaurants and historical sites. The property's APN is 032S302000005004. Its strategic location in Escambia County, Florida, zip code 32503, offers unparalleled access to Pensacola's vibrant downtown area and its rich heritage. The asking price is $524,900. This is a rare chance to acquire a versatile commercial property in a high-traffic area with strong potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $308,190

  6.5%

  $284,483

  7%

  $264,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,025

  Geo Method

  $277,319

• Alternative Use

  Use

  Valuation

  Residential

  $239,972

  Hospitality

  $219,813

  Educational

  $182,882

  Medical

  $189,171

  Retail

  $284,483

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4479

Longitude

-87.2077

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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