2929 Langley AvePensacola, FL 32504

Property Details for 2929 Langley Ave

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

3,000 SF

Zone code

HDMU

Property type

Office properties

Property subtype

Office buildings

APN

14-1S-29-1104-001-002

APU

141S291104001002

Description

This exceptional retail opportunity is located in the desirable Langley Office Park in Pensacola, Florida. The property, situated at 2929 Langley Ave, zip code 32504, offers a combined 1,500 square feet of space within a two-story, Class B building constructed in 1977 and renovated in 2004. The suite, encompassing units 203 and 204, features a welcoming reception area, two bathrooms, six individual offices, and a convenient kitchen. Enjoy the unique charm of a New Orleans-style balcony. The property boasts ample parking with 20 spaces available. This prime location in Northeast Pensacola offers easy access to Pensacola International Airport and is just three blocks east of 9th Avenue, a major north-south thoroughfare. The zoning is HDMU. The property includes one building on one acre of land, with the APN 14-1S-29-1104-001-002. This versatile space is perfect for a variety of retail businesses. Don't miss this chance to establish your business in a thriving and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $406,304

  6.5%

  $375,050

  7%

  $348,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,046

  Geo Method

  $213,270

• Alternative Use

  Use

  Valuation

  Residential

  $465,062

  Hospitality

  $425,994

  Educational

  $354,422

  Medical

  $366,611

  Retail

  $551,323

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.487

Longitude

-87.1868

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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