100 Massachusetts AvePensacola, FL 32505
- Retail properties
- 2,400 SF
Property Details for 100 Massachusetts Ave
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.33 AC
- Property size (Sq ft)
- 2,400 SF
- Zone code
- HDMU
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 46-1S-30-2001-001-011
- APU
- 461S302001001011
Description
This exceptional Pensacola, FL industrial property, located at 100 Massachusetts Ave, 32505, offers 2,400 sq ft of versatile space in a 150' x 100' fenced lot. The single-story, 1980-built cinder block building features four garage doors (three large, 9.5'H x 10'W) and a full bathroom. The property boasts 480V 3-phase power, ideal for various businesses. A recent roof repair ensures long-term value. The high-density multiple-use zoning allows for diverse applications, such as auto customization, lawn maintenance, or tree services. Two additional lots on Hansen Blvd, currently rented for $180/month for seven years, provide additional income potential (mobile home on these lots does not convey). Public water and sewer are available. This owner-user investment opportunity is priced at $250,000 ($104.17/sq ft) and is currently vacant. The property's prime location near downtown Pensacola and its ample frontage on Massachusetts Ave and Hansen Blvd offer exceptional access and visibility.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $477,813
- 6.5%
- $441,059
- 7%
- $409,554
-
Comparable approach
- Method
- Valuation
- Relative Method
- $409,340
- Geo Method
- $429,952
-
Alternative Use
- Use
- Valuation
- Residential
- $372,049
- Hospitality
- $340,795
- Educational
- $283,538
- Medical
- $293,289
- Retail
- $441,059
Location Insight
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Latitude
- 30.4582
- Longitude
- -87.2414
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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