1550 T StPensacola, FL 32505

Property Details for 1550 T St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

2,235 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Retail space

APN

17-2S-30-1300-001-004

APU

172S301300001004

Description

This exceptional 2,460-square-foot commercial property in Pensacola, Florida, presents a unique investment opportunity. Located at 1550 N T Street, this single-tenant space is ideally suited for a variety of retail uses, including a convenience store, smoke shop, liquor store, or restaurant. Currently vacant, the building sits on a 0.33-acre lot (parcel ID: 172S301300001004) and is zoned HC/LI. Its strategic location across from a popular baseball field and fire department, near Mobile Highway and NW Street, ensures high visibility and accessibility. The property's proximity to downtown Pensacola further enhances its desirability. The asking price is $450,000 for sale, or lease at $15 per square foot. This is a rare chance to acquire a well-situated commercial space in a thriving area of Pensacola, Escambia County, Florida (zip code 32505). The property's versatility and prime location make it an excellent investment for both established businesses and new ventures. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $444,964

  6.5%

  $410,736

  7%

  $381,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,198

  Geo Method

  $400,393

• Alternative Use

  Use

  Valuation

  Residential

  $346,471

  Hospitality

  $317,366

  Educational

  $264,044

  Medical

  $273,125

  Retail

  $410,736

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4282

Longitude

-87.2462

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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