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    2023 Dr Martin Luther King Jr Dr Pensacola, FL 32503

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $350,000

    High-traffic location, 1860 sq ft.

    Property size:
    1,860 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,860 square foot retail space is ideally located on Dr. Martin Luther King Jr Drive in Pensacola, Florida, at a signalized intersection with easy access to I-110. The property boasts a flexible floor plan adaptable to various retail concepts, benefiting from high visibility and significant foot traffic due to its prime location amidst residential neighborhoods, commercial enterprises, and community services. Ample parking is available at the rear. The space features large storefront windows providing excellent natural light and visibility, along with modern electrical and plumbing systems. The 0.17-acre lot offers two curb cuts, enhancing accessibility for customers. This vibrant and diverse neighborhood fosters a strong sense of community engagement, making it an excellent opportunity for businesses seeking a thriving location with high customer traffic and convenient access. The property is priced at $350,000.

    Property Features for 2023 Dr Martin Luther King Jr Dr

    General Information

    Property type
    Other retail properties
    Square Feet
    1,860 SF
    Price / Square Foot
    $188
    Elevators
    N/A
    Net Rentable
    1,860 SF
    Lot Size
    7,356 SF

    Building Details

    Year Built
    1946
    Buildings
    1
    Stories
    1

    HighLights

    • 1,860 sq ft retail space available for $350,000.
    • High‑visibility location on Dr. Martin Luther King Jr Dr in Pensacola, FL.
    • Easy I‑110 access with ample parking and modern amenities.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.21465
    Latitude
    30.434342

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    FAQs

    What type of property is this?
    Other retail property - High-traffic location, 1860 sq ft.
    Where is this other retail property located?
    The property is located at 2023 Dr Martin Luther King Jr Dr Pensacola, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1,860 sq ft retail space available for $350,000.; High-visibility location on Dr. Martin Luther King Jr Dr in Pensacola, FL.; Easy I-110 access with ample parking and modern amenities.
    (850) 564-0120
    Request Owner's contact information
    2023 Dr Martin Luther King Jr Dr Pensacola, FL 32503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2023 Dr Martin Luther King Jr Dr Pensacola, FL 32503
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