1821 Pace BlvdPensacola, FL 32505

  • Warehouses
  • 0.43 AC
For Sale
$95,000 View listing

Property Details for 1821 Pace Blvd

Year built
1954
Lot size
0.43 AC
Zone code
HC/LI
Property type
Warehouses
APN
17-2S-30-1200-006-010
APU
172S301200006010

Description

This exceptional 0.43-acre commercial property, located at 1821 N Pace Blvd in Pensacola, Florida (APN 17-2S-30-1200-0060-010), presents a unique investment opportunity. Boasting a desirable HC/LI zoning designation, this land allows for a wide array of commercial uses. The property features 140 feet of frontage on Pace Boulevard and 135 feet on Lakeview Avenue, ensuring excellent visibility and accessibility. With over 17,000 vehicles passing daily, this location offers unparalleled exposure for any business. The 18,730 square foot lot is currently vacant, providing a blank canvas for development. Fifteen parking spaces are available. The asking price is $95,000, translating to $5.07 per square foot. Its proximity to Baptist Hospital further enhances its appeal. This fee simple ownership offers a secure and straightforward investment. Note that an adjacent 0.48-acre property is also available for sale separately. This prime location and flexible zoning make this an ideal site for a variety of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,929,889
    Hospitality
    $2,683,762
    Educational
    $2,232,859
    Medical
    $2,309,650
    Retail
    $3,473,336

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4318
Longitude
-87.2409
CBSA code
37860
CBSA name
PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$594
-
-
$43,625
-
$42,525
$1,100
$43,625

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