875 Nine Mile RdPensacola, FL 32514

Property Details for 875 Nine Mile Rd

Year built

2016

Construction

TYPE NOT SPECIFIED

Lot size

7.16 AC

Property size (Sq ft)

21,433 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Community centers

APN

12-1S-30-1001-000-000

APU

121S301001000000

Description

This exceptional 3,200 square foot retail space is located at 875 E 9 Mile Rd, Pensacola, FL 32514, within a Class A, 21,277 square foot shopping center built in 2016. The property features a single-story building with 14 suites and ample parking (103 spaces). This particular unit, formerly occupied by a women's clothing store, offers a spacious 40' x 80' open floor plan with two bathrooms. Situated on a 7-acre lot, the property benefits from high visibility on East 9 Mile Road, across from Guidy Lane. The zoning is HC-LI, and the property's location is further enhanced by its proximity to open space. The landlord prioritizes tenant harmony and will not lease to competing businesses. While an end unit, it does not include a drive-through. Municipal power is provided. This is a fantastic opportunity for a retailer seeking a well-located, high-quality space in a thriving Pensacola commercial area. The minimum divisible space is 3,200 square feet. The property's APN is 12-1S-30-1001-000-000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,267,073

  6.5%

  $3,938,836

  7%

  $3,657,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,655,581

  Geo Method

  $3,839,653

• Alternative Use

  Use

  Valuation

  Residential

  $3,322,556

  Hospitality

  $3,043,443

  Educational

  $2,532,109

  Medical

  $2,619,192

  Retail

  $3,938,836

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.5316

Longitude

-87.2466

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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