This exceptional 1.62-acre commercial land parcel, located at 3449 Barrancas Ave in Pensacola, Florida (zip code 32507), presents a unique investment opportunity. The property boasts 300 feet of frontage on Barrancas Ave, enjoying high visibility with approximately 26,000 vehicles passing daily. The assemblage comprises two lots, with the majority (1.4 acres) zoned for commercial use (COM zoning) and a smaller portion (0.22 acres) designated as MDR zoning. Currently, a billboard generates $1,200 annual income under a year-to-year lease, offering potential for renegotiation or termination by a new owner. The property's strategic location and mixed zoning make it suitable for a variety of commercial ventures, including but not limited to dollar stores, automotive service centers, marine-related businesses, general retail establishments, or office spaces. The property's APN is 502S301001006001. This is a prime opportunity to capitalize on the high traffic count and desirable location in Escambia County. The asking price for this exceptional property is $449,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$16,339,600
Retail / Commercial
$8,511,070
Mixed-Use / Specialty
$8,584,890
Hospitality / Lodging
$6,434,080
Office
$8,642,390
Institutional / Educational
$8,962,060
Residential Income
$10,485,600
Multifamily
$11,998,400
Automotive / Energy
$7,681,760
Parking / Income-Based Land
$2,547,970
Restaurant / Food Service
$4,687,380
Healthcare / Senior Housing
$8,696,830
Location Insight
City
Pensacola
County
Escambia
State
Florida
Latitude
30.3934
Longitude
-87.2556
CBSA code
37860
CBSA name
PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Barrancas Ave Pensacola, FL 32507
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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