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    2216 E Olive Rd Pensacola, FL 32514

    Source: https://www.saltercompany.com
    For Sale
    $249,000

    Fully renovated, high-visibility location.

    Property size:
    1,200 SF

    Description

    Added:
    Feb 5, 2025
    Days on Market:
    313
    This fully renovated 1,200 square foot freestanding commercial building boasts exceptional visibility with 65 feet of frontage on high-traffic East Olive Road in Pensacola, Florida. Recently upgraded in 2024, the property offers an open floor plan perfect for a variety of uses, complemented by a private back office and a convenient storage/utility room. The building features a new roof, HVAC system, hot water heater, walls, ceiling, flooring, and bathroom. Its prime location near HCA West Florida Hospital, Interstate 10, and University Mall provides excellent accessibility and high traffic counts. Additionally, it's only a quarter-mile from Davis Highway. The 0.13-acre lot is zoned commercial and situated in a mixed-use area including small businesses, restaurants, residences, a shopping mall, and major roadways. This turnkey property presents a unique opportunity for business owners seeking a well-maintained, highly visible space in a thriving Pensacola neighborhood. The asking price is $249,000.

    Property Features for 2216 E Olive Rd

    General Information

    Property type
    Other office properties
    Square Feet
    1,200 SF
    Price / Square Foot
    $207
    Class
    B
    Total Parking Spaces
    3
    Elevators
    N/A
    Lot Size
    5,576 SF

    Building Details

    Year Built/Renovated
    1981/2024
    Buildings
    1
    Stories
    1

    HighLights

    • Fully renovated 1,200 sq ft freestanding building on high‑traffic E. Olive Road.
    • Prime Pensacola location near I‑10, hospital, and University Mall.
    • Features open floor plan, private office, storage, and updated systems (2024).
    Insight Report Location Intelligence

    Current Use by Public Records

    Kwik Dri Karpet ... Carpet Cleaning Service Thomas Roxanne E Accountant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.215868
    Latitude
    30.510375

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    FAQs

    What type of property is this?
    Office property - Fully renovated, high-visibility location.
    Where is this office property located?
    The property is located at 2216 E Olive Rd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Fully renovated 1,200 sq ft freestanding building on high-traffic E. Olive Road.; Prime Pensacola location near I-10, hospital, and University Mall.; Features open floor plan, private office, storage, and updated systems (2024).
    (850) 564-0120
    Request Owner's contact information
    2216 E Olive Rd Pensacola, FL 32514
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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
    2216 E Olive Rd Pensacola, FL 32514
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