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    4902 Springhill Drive Pensacola, FL 32503

    Source: https://www.saltercompany.com
    For Sale
    $525,000

    Almost 1-acre commercial lot, ideal for redevelopment. High-traffic area near Cordova Mall.

    Property size:
    40,510 SF

    Description

    Added:
    Feb 4, 2025
    Days on Market:
    310
    This exceptional 0.93-acre parcel presents a unique development opportunity in Pensacola, Florida. Situated just one block south of Cordova Mall and a short three-minute drive from Pensacola International Airport, this property boasts a prime location with excellent visibility and accessibility. The land fronts 9th Avenue, a major thoroughfare with a high average annual daily traffic count of 22,000 vehicles. Currently zoned SSD by the city, allowing for a hair salon, the property requires rezoning to accommodate the buyer's intended use. It's important to note that the property includes a 0.32-acre rear lot currently zoned R1AAA, which will also require rezoning for any development project. Currently, there is no direct access from 9th Avenue. The property is priced at $525,000 and offers significant potential for a variety of commercial ventures given its location and high traffic volume. Serious inquiries only.

    Property Features for 4902 Springhill Drive

    General Information

    Property type
    Other land
    Square Feet
    40,510 SF
    Price / Square Foot
    $12
    Elevators
    N/A
    Lot Size
    40,511 SF

    HighLights

    • Prime Pensacola location, one block from Cordova Mall and minutes from the airport.
    • 0.93‑acre lot with 9th Avenue frontage boasting 22,000 AADT traffic count.
    • Development opportunity; currently zoned SSD, rezoning required for desired use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Styles By Allen Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.213951
    Latitude
    30.470891

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    FAQs

    What type of property is this?
    Land - Almost 1-acre commercial lot, ideal for redevelopment. High-traffic area near Cordova Mall.
    Where is this land located?
    The property is located at 4902 Springhill Drive Pensacola, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime Pensacola location, one block from Cordova Mall and minutes from the airport.; 0.93-acre lot with 9th Avenue frontage boasting 22,000 AADT traffic count.; Development opportunity; currently zoned SSD, rezoning required for desired use.
    (850) 564-0120
    Request Owner's contact information
    4902 Springhill Drive Pensacola, FL 32503
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    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
    4902 Springhill Drive Pensacola, FL 32503
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