4902 Springhill DrPensacola, FL 32503

Property Details for 4902 Springhill Dr

Year built

1957

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

1,379 SF

Zone code

SSD

Property type

Office buildings

APN

48-1S-30-8000-001-006

APU

481S308000001006

Description

This exceptional 0.61-acre property in Pensacola, Florida, presents a unique investment opportunity. Located at 4902 Springhill Dr, 32503, the site boasts a convenient location near Cordova Mall, Pensacola International Airport, Sacred Heart Hospital, and local colleges. Currently featuring a 1,300 square foot building used as a hair salon, the true value lies in the land itself. The property is zoned SSD (Site Specific Zoning), requiring any new development to obtain approval from the City of Pensacola. This allows for considerable flexibility in future uses, making it ideal for a variety of businesses, including medical offices or small retail establishments. The lot offers convenient access via Springhill Avenue and is situated across Carpenters Creek from a Publix Shopping Center, ensuring high visibility and accessibility. The property's APN is 481S308000001006. The asking price for this one-story building on a single lot is $699,500. This represents a price per unit of $1,146,721. The property is being offered for sale by owner. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $211,666

  6.5%

  $195,384

  7%

  $181,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,333.40

  Geo Method

  $98,033.10

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $369,401

  Retail / Commercial

  $192,415

  Mixed-Use / Specialty

  $194,084

  Hospitality / Lodging

  $145,460

  Institutional / Educational

  $202,611

  Residential Income

  $237,055

  Multifamily

  $271,256

  Automotive / Energy

  $173,667

  Parking / Income-Based Land

  $57,603.60

  Restaurant / Food Service

  $105,971

  Healthcare / Senior Housing

  $196,615

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4709

Longitude

-87.214

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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