6650 Pine Forest RdPensacola, FL 32526

Property Details for 6650 Pine Forest Rd

Year built

1944

Construction

WOOD

Lot size

0.55 AC

Property size (Sq ft)

920 SF

Zone code

COM,MDR

Property type

Office properties

Property subtype

Office buildings

APN

39-1S-31-1208-000-000

APU

391S311208000000

Description

This exceptional Class A commercial property, located at 6650 Pine Forest Rd, Pensacola, FL 32526, presents a unique investment opportunity. The single-tenant building offers 880 square feet of creative office space, ideal for a variety of businesses. The property boasts a substantial 24,080 square foot lot (0.55 acres), providing ample space for expansion, parking, or outdoor operations. The zoning is COM/MDR, allowing for diverse uses. The building is a single-story structure, easily accessible and well-suited for various commercial ventures. Its prime location in Pensacola offers excellent visibility and accessibility. The substantial lot size presents significant potential for added value, accommodating uses such as a parking lot, outdoor storage, or even expansion of the existing building. The property's versatility makes it an attractive option for entrepreneurs seeking a strategic location with significant expansion potential. The total rental price is $2,400. The property's APN is 39-1S-31-1208-000-000. This is a rare opportunity to acquire a well-located, versatile commercial property with significant land area in a thriving Pensacola market. The property's size and zoning make it suitable for a wide range of businesses, from retail to service-based operations. Consider the possibilities for a laundromat, smoke shop, rental car/equipment store, convenience store, coffee shop, food truck lot, car wash, pet grooming facility, fitness studio, storage units, outdoor market, garden center, electric vehicle charging station, or towing business.

• CAP approach

  CAP return

  Valuation

  6%

  $124,600

  6.5%

  $115,015

  7%

  $106,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $62,267

  Geo Method

  $65,403

• Alternative Use

  Use

  Valuation

  Residential

  $142,619

  Hospitality

  $130,638

  Educational

  $108,689

  Medical

  $112,427

  Retail

  $169,072

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4745

Longitude

-87.3062

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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