100 Massachusetts AvePensacola, FL 32505

  • Retail properties
  • 2,400 SF
For Sale
$250,000 View listing

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
100 Massachusetts Ave, Pensacola, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,109
-
-
$74,058
-
$18,931
$55,132
$74,063

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