This exceptional 3,000 square foot retail/brewery property, built in 2018, is situated on the bustling N. Davis Highway (Hwy 90) in Pensacola, Florida, boasting an average daily traffic count of 33,500 vehicles. The property sits on a 1.49-acre lot and features a fully climate-controlled metal building with a substantial 760 square foot heavy mezzanine. The building includes approximately 25 parking spaces, a convenient roll-up door for deliveries, and heavy 3-phase power. Currently zoned COM, this versatile space offers a unique opportunity. The existing brewery equipment is included in the sale price of $765,000, allowing for immediate operation as a brewery. Alternatively, the property's high visibility and location near the University of West Florida make it ideal for conversion into a variety of other retail, restaurant, or service businesses. The two-story building offers ample space and functionality, making it a highly attractive investment opportunity in a desirable North Pensacola location. The property's APN is 021S300601000006|2.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$667,147
6.5%
$615,828
7%
$571,840
Comparable approach
Method
Valuation
Relative Method
$571,542
Geo Method
$600,321
Alternative Use
Use
Valuation
Residential
$519,474
Hospitality
$475,835
Educational
$395,889
Medical
$409,505
Retail
$615,828
Location Insight
City
Pensacola
County
Escambia
State
Florida
Latitude
30.537
Longitude
-87.1997
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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