This Pensacola, FL property, located at 3620 Barrancas Ave, zip code 32507, offers 8,220 square feet of commercial space in a single-story, 1952-built building situated on 1.78 acres. The property is zoned COMM and features a mix of retail and traditional office space within a neighborhood center setting. Currently, 4,020 square feet is available for lease, with two suites ranging from 900 to 1,560 square feet. The building boasts ample parking, a fully fenced rear area suitable for various uses (lay-down space, additional parking, or ground lease), and benefits from high visibility on Barrancas Avenue, a major commuter route. Its strategic location across from the Pensacola Country Club and surrounded by residential areas provides excellent access to a substantial customer base. The property's proximity to the Pensacola Naval Air Station and downtown Pensacola further enhances its appeal. The property's APN is 502S305010080016 and is part of the Ferry Pass submarket within the Pensacola-Ferry Pass-Brent cluster. This presents a unique opportunity for businesses seeking high-traffic exposure in a well-established neighborhood. The property's multiple tenancy structure offers flexibility for various business types.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,636,511
6.5%
$1,510,626
7%
$1,402,724
Comparable approach
Method
Valuation
Relative Method
$1,401,991
Geo Method
$1,472,587
Alternative Use
Use
Valuation
Residential
$1,274,269
Hospitality
$1,167,224
Educational
$971,116
Medical
$1,004,515
Retail
$1,510,626
Location Insight
City
Pensacola
County
Escambia
State
Florida
Latitude
30.3924
Longitude
-87.2622
CBSA code
37860
CBSA name
PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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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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