7103 Mobile HwyPensacola, FL 32526

Property Details for 7103 Mobile Hwy

Year built

1943

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

1,419 SF

Zone code

LDR

Property type

Retail properties

Property subtype

Retail space

APN

23-1S-31-3403-000-004

APU

231S313403000004

Description

This exceptional mixed-use commercial property, located at 7103 Mobile Hwy in Pensacola, Florida, presents a unique investment opportunity. The 1,639 square foot building, constructed in 1943 and completely renovated in 2022, sits on a 0.51-acre lot and is zoned HDMU (High Density Mixed Use). The property boasts a prime location on the west side of Pensacola, near Blue Angel and Mobile Highway, an area with high commercial activity and residential density. High daily traffic counts (approximately 33,000 vehicles) ensure excellent visibility. The property's proximity to I-10 (approximately 8 minutes) and major roads further enhances its accessibility. The building features a reception area, kitchen, conference room, two workrooms/offices, restrooms, utility closets, and security cameras. Ample parking is available with five spaces in front and four in the rear. Exterior improvements include a new roof, new windows, a screened-in room, an insulated 12x32 shed with electric and water, a fully fenced backyard, and a large concrete pad. A wooded area on the east side of the building is also included in the 0.51-acre lot. The asking price is $395,000, translating to $241 per square foot. This property is ideal for a variety of businesses, particularly those in the pet care industry, given its existing setup and high-traffic location. The surrounding area includes national retailers like McDonald's, Whataburger, and Publix, along with schools and community facilities, contributing to a strong commercial environment and desirable neighborhood. This is a turnkey opportunity in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $282,507

  6.5%

  $260,776

  7%

  $242,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,023

  Geo Method

  $254,209

• Alternative Use

  Use

  Valuation

  Residential

  $219,974

  Hospitality

  $201,495

  Educational

  $167,642

  Medical

  $173,407

  Retail

  $260,776

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4939

Longitude

-87.3263

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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