2201 Nine Mile RdPensacola, FL 32514

Property Details for 2201 Nine Mile Rd

Year built

1998

Construction

TYPE NOT SPECIFIED

Lot size

1.34 AC

Property size (Sq ft)

4,539 SF

Zone code

COM

Property type

Office properties

Property subtype

Office buildings

APN

14-1S-30-1101-001-010

APU

141S301101001010

Description

This exceptional 4,322-square-foot Class A medical office building sits on a 1.4-acre lot at a signalized intersection, boasting high visibility from the southeast corner of East Nine Mile Road and Copter Road. The property features convenient curb cuts and prominent pylon signage on both major roadways, ensuring maximum exposure. Built in 1998, this single-tenant building is zoned C-1, offering flexibility for a variety of uses, including medical offices, retail establishments, or restaurants. Its strategic location presents a compelling opportunity for businesses seeking high traffic volume; East Nine Mile Road sees an average daily traffic count of 15,100 vehicles. The property's proximity to the University of West Florida campus (within 2/3 of a mile) further enhances its appeal. This property is available for both sale and lease, making it an attractive investment for various business models. The building's size and location make it ideal for businesses such as urgent care facilities or cannabis dispensaries, though the zoning allows for a wider range of possibilities. This is a rare opportunity to acquire a high-quality, well-located commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $614,738

  6.5%

  $567,450

  7%

  $526,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $307,208

  Geo Method

  $322,678

• Alternative Use

  Use

  Valuation

  Residential

  $703,638

  Hospitality

  $644,529

  Educational

  $536,241

  Medical

  $554,683

  Retail

  $834,152

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.5314

Longitude

-87.2132

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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