9890 Pensacola BlvdPensacola, FL 32534

Property Details for 9890 Pensacola Blvd

Year built

1956

Construction

STEEL FRAME

Lot size

1.95 AC

Property size (Sq ft)

10,403 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Auto shops

APN

09-1S-30-2101-160-008

APU

091S302101160008

Description

This exceptional investment opportunity encompasses a 6.04-acre mixed-use portfolio situated at the highly visible southeast corner of Highway 29 and 9 1/2 Mile Road in Pensacola, Florida. The property boasts six commercial buildings and two houses, totaling 45,309 square feet, all on a single level with convenient drive-in doors. The buildings are situated on six parcels, offering flexibility and potential for future development. The property is zoned HC-LI (Heavy Commercial-Light Industrial), allowing for a diverse range of uses. The asking price is $5,995,000, translating to $132.31 per square foot. This prime location benefits from significant traffic volume, with an estimated 30,000 vehicles passing daily. The property is offered fee simple, providing complete ownership. Detailed asset and inventory lists are available upon request. The property is currently owner-occupied, and the business name is not being disclosed at this time. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $2,071,122

  6.5%

  $1,911,805

  7%

  $1,775,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,774,320

  Geo Method

  $1,863,664

• Alternative Use

  Use

  Valuation

  Residential

  $1,612,679

  Hospitality

  $1,477,205

  Educational

  $1,229,018

  Medical

  $1,271,285

  Retail

  $1,911,805

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.5402

Longitude

-87.2797

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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