4850 9Th AvePensacola, FL 32503
- Office properties
- 9,817 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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