4850 9Th AvePensacola, FL 32503

  • Office properties
  • 9,817 SF
For Sale
$799,000 View listing

Property Details for 4850 9Th Ave

Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.10 AC
Property size (Sq ft)
9,817 SF
Zone code
R-2
Property type
Office properties
Property subtype
Office buildings
APN
48-1S-30-8305-000-002
APU
481S308305000002

Description

This 3,586 square foot medical office building, located at 4850 N 9th Ave, Pensacola, FL 32503 (APN 481S308305000001), is offered for sale at $799,000. Built in 1979 and completely renovated in 2023, this two-story building sits on a 0.367-acre lot and offers five spacious, private offices ideal for a variety of medical or professional uses. The flexible layout ensures efficient workflow, and the second floor provides ample storage or additional office space. The property boasts excellent visibility on a high-traffic section of 9th Avenue and includes over 20 parking spaces. Its convenient location and proximity to local amenities make this a highly desirable opportunity for businesses seeking a well-situated, adaptable space in the heart of Pensacola. The building is currently vacant, presenting a unique chance to customize the space to meet specific needs. This property offers a blend of modern updates and a prime Pensacola location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,329,562
    6.5%
    $1,227,288
    7%
    $1,139,624
  • Comparable approach

    Method
    Valuation
    Relative Method
    $664,434
    Geo Method
    $697,890
  • Alternative Use

    Use
    Valuation
    Residential
    $1,521,837
    Hospitality
    $1,393,994
    Educational
    $1,159,787
    Medical
    $1,199,674
    Retail
    $1,804,113
4850 9Th Ave, Pensacola, Florida

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4698
Longitude
-87.2122
CBSA code
37860
CBSA name
PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,912
-
-
$960,034
-
$114,228
$845,806
$960,034

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