6119 Village Oaks DrPensacola, FL 32504

Property Details for 6119 Village Oaks Dr

Year built

2000

Construction

TYPE NOT SPECIFIED

Lot size

0.52 AC

Property size (Sq ft)

3,960 SF

Zone code

HC/LI,R-2

Property type

Office properties

Property subtype

Office buildings

APN

30-1S-30-6507-005-002

APU

301S306507005002

Description

This exceptional commercial property, located at 6119 Village Oaks Dr in Pensacola, Florida, presents a unique investment opportunity. The property encompasses a 3,870 square foot single-story office building constructed in 2000, classified as Class C, and situated on a substantial 11.65-acre lot. The building features a single tenancy and is zoned HC/LI, offering significant development potential. The land's strategic location within Escambia County, zip code 32504, provides excellent visibility and accessibility. The area boasts a thriving mix of retail, medical facilities, restaurants, bars, and educational institutions, ensuring high traffic and visibility. The property benefits from convenient access to Pensacola's major transportation routes, situated between Pensacola Square and Bealls shopping center, with a prominent view of I-110. A wetland report and a conceptual plan outlining the potential development of 64 townhouse units are available for review. The asking price is $1,250,000, translating to approximately $107,296 per acre. This presents a compelling opportunity for investors seeking a blend of existing income and significant future development potential in a prime Pensacola location. The property's address is 6119 Village Oaks Dr, Pensacola, FL 32504.

• CAP approach

  CAP return

  Valuation

  6%

  $536,321

  6.5%

  $495,066

  7%

  $459,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,021

  Geo Method

  $281,516

• Alternative Use

  Use

  Valuation

  Residential

  $613,881

  Hospitality

  $562,312

  Educational

  $467,837

  Medical

  $483,927

  Retail

  $727,747

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4889

Longitude

-87.2276

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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