6222 9Th AvePensacola, FL 32504

Property Details for 6222 9Th Ave

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

2,994 SF

Zone code

COM

Property type

Retail properties

Property subtype

Auto shops

APN

32-1S-30-1901-092-001

APU

321S301901092001

Description

Exceptional investment opportunity featuring two Pensacola auto repair shops totaling 6,280 square feet on a 1.32-acre lot (APN: 321S301901092001). Located at 6222 N. 9th Ave and 6211 Tippin Ave, this property boasts a prime location with high visibility and significant daily traffic volume (24,500 cars daily). The main building at 6222 N. 9th Ave features five drive-thru bays and five lifts, currently occupied by a long-term tenant (15-year lease renewal). The second building, located at 6211 Tippin Ave, is leased to a separate tenant under a three-year lease commencing January 2023. Both properties are situated in Escambia County, Florida, zip code 32504, within a commercially zoned area (COM). The single-story buildings were constructed in 1980. The asking price is $2,200,000, translating to $350.32 per square foot. Currently, the property is vacant, presenting a unique opportunity for immediate income generation or repositioning. This offering includes two properties under a modified lease structure. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $596,072

  6.5%

  $550,220

  7%

  $510,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,652

  Geo Method

  $536,366

• Alternative Use

  Use

  Valuation

  Residential

  $464,132

  Hospitality

  $425,142

  Educational

  $353,713

  Medical

  $365,878

  Retail

  $550,220

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4874

Longitude

-87.1977

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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