4469 Mobile HwyPensacola, FL 32506

Property Details for 4469 Mobile Hwy

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.27 AC

Property size (Sq ft)

27,045 SF

Zone code

COM

Property type

Community centers

APN

34-2S-30-0050-001-005

APU

342S300050001005

Description

Paradise Square Shopping Center, located at 4469 Mobile Hwy, Pensacola, FL 32506, presents a unique investment opportunity in a high-traffic area. This single-story, 75,799 square foot shopping center boasts a prime location at the intersection of Mobile Highway and W Fairfield Drive, ensuring excellent visibility and accessibility. The property features a total of nine suites, with two currently available, ranging from 2,280 to 7,800 square feet. The minimum divisible space is 7,800 square feet. The center is comprised of a mix of retail and office spaces, suitable for traditional office use or medical office practices. Ample parking is provided with 536 spaces available for tenants and customers. Current tenants include established businesses such as Aaron's Rent to Own, Paradise Liquor, Paradise Bingo, Teen Challenge, and Walgreens, creating a strong and diverse tenant mix. This property offers a compelling opportunity for businesses seeking high visibility and a well-established location in a thriving Pensacola community. The property's strategic location on Mobile Highway ensures high traffic volume and exposure to a large customer base. The existing tenant roster demonstrates the center's appeal and potential for continued success. This is an exceptional opportunity to acquire a well-positioned commercial property in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,384,360

  6.5%

  $4,970,178

  7%

  $4,615,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,612,755

  Geo Method

  $4,845,025

• Alternative Use

  Use

  Valuation

  Residential

  $4,192,532

  Hospitality

  $3,840,336

  Educational

  $3,195,115

  Medical

  $3,305,000

  Retail

  $4,970,178

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.433

Longitude

-87.2765

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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