4850 9Th AvePensacola, FL 32503

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 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.

• 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

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

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