6121 Davis HwyPensacola, FL 32504

Property Details for 6121 Davis Hwy

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

12.26 AC

Property size (Sq ft)

42,345 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Community centers

APN

34-1S-30-3101-000-000

APU

341S303101000000

Description

Pensacola Square, located at 6121 N Davis Hwy, Pensacola, FL 32504, offers a prime retail opportunity in a high-traffic location. This single-story, 135,072 square foot retail center, built in 1986 and renovated in 2005, boasts 465 parking spaces. Currently, there are 7 available spaces ranging from 1,200 to 40,586 square feet, with a total of 10,337 square feet currently vacant. The largest contiguous space available is 3,300 square feet. The center benefits from a strong tenant mix including national co-tenants such as Big Lots, Bealls Outlet, Hobby Lobby, Books-A-Million, Rainbow, Petland, and American Freight, ensuring high visibility and foot traffic. Situated on a major retail thoroughfare, North Davis Highway, the property enjoys exceptional daily traffic counts of 37,000 cars. This presents a unique opportunity for businesses seeking high visibility and access to a substantial customer base in a well-established retail center. The property's size and configuration offer flexibility for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,430,420

  6.5%

  $7,781,926

  7%

  $7,226,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,222,300

  Geo Method

  $7,585,971

• Alternative Use

  Use

  Valuation

  Residential

  $6,564,346

  Hospitality

  $6,012,906

  Educational

  $5,002,667

  Medical

  $5,174,716

  Retail

  $7,781,926

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4875

Longitude

-87.2247

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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