500 Nine Mile RdPensacola, FL 32514

Property Details for 500 Nine Mile Rd

Year built

1997

Construction

TYPE NOT SPECIFIED

Lot size

0.53 AC

Property size (Sq ft)

4,752 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Auto shops

APN

07-1S-30-3442-004-002

APU

071S303442004002

Description

This exceptional 3,500-square-foot freestanding retail building presents a remarkable opportunity in Pensacola, Florida. Ideally situated on East Nine Mile Road, this single-tenant property boasts a highly visible location within the Ensley submarket, experiencing a daily traffic count of 39,500 vehicles. The property features convenient ingress and egress, enhanced by a median cut for exceptional accessibility. The 0.517-acre lot provides ample space, including 20 parking spaces to accommodate customers. Zoned HC/LI, this versatile building is perfectly suited for a variety of drive-thru businesses, such as a coffee shop, fast-food restaurant, or liquor store. The property's strategic location and high visibility make it an ideal investment for entrepreneurs seeking a thriving retail space in a busy commercial corridor. The building's 3,500 square feet offer significant potential for customization and adaptation to suit a wide range of business needs. Its prime location in Pensacola, Florida, ensures high exposure and accessibility for potential customers. The property's zoning and ample parking further enhance its appeal to a diverse range of prospective tenants. This is a rare opportunity to acquire a well-positioned, high-traffic retail property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $946,071

  6.5%

  $873,296

  7%

  $810,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,494

  Geo Method

  $851,306

• Alternative Use

  Use

  Valuation

  Residential

  $736,658

  Hospitality

  $674,775

  Educational

  $561,404

  Medical

  $580,712

  Retail

  $873,296

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.5333

Longitude

-87.2563

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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