7950 Pensacola BlvdPensacola, FL 32534

Property Details for 7950 Pensacola Blvd

Lot size

1.09 AC

Zone code

HC/LI

Property type

Retail properties

Property subtype

Parking lots & garages

APN

22-1S-30-1101-004-011

APU

221S301101004011

Description

This 1.087-acre commercial land parcel, located at 7950 Pensacola Blvd, Pensacola, FL 32534, presents a compelling investment opportunity. Situated directly off I-10 (Exit 10B Westbound), this property boasts exceptional visibility and accessibility, with 296+ feet of frontage on Pensacola Boulevard (Highway 29), experiencing 40,500 cars per day, and benefiting from the high traffic volume of 89,000 cars per day on I-10. Currently leased as an overflow parking lot for the adjacent Circle K convenience store, the property generates a monthly income of $4,833.33, with an estimated remaining revenue exceeding $300,000 through the lease expiration date of December 30, 2030. The lease includes four additional five-year renewal options. Zoned HCLI (Heavy Commercial/Light Industrial), this site is ideally suited for redevelopment as a quick-service restaurant (QSR), convenience store, or top-tier fuel retailer. All utilities are available at the street, and a deceleration lane is already in place. The property's prime location within Escambia County's thriving commercial core, near Car City and numerous national retailers, offers significant potential for future growth and profitability. The surrounding area boasts a robust business environment, with over 6,870 businesses employing more than 79,105 individuals and generating over $12 billion in sales in 2023. This property's strategic location and existing income stream make it an attractive investment prospect. The asking price is $1,260,000. APN: 221S301101004011.

• CAP approach

  CAP return

  Valuation

  6%

  $9,452,742

  6.5%

  $8,725,608

  7%

  $8,102,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,098,118

  Geo Method

  $8,505,890

• Alternative Use

  Use

  Valuation

  Residential

  $7,360,377

  Hospitality

  $6,742,066

  Educational

  $5,609,320

  Medical

  $5,802,232

  Retail

  $8,725,608

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.5103

Longitude

-87.269

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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