100 Massachusetts AvePensacola, FL 32505

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

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.

• 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

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