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    10118 Nelle Ave Pensacola, FL 32507

    Source: https://www.saltercompany.com
    For Sale
    $480,000

    Prime 1.24-Acre Commercial Lot in Pensacola

    Property size:
    54,014 SF

    Description

    Added:
    Feb 7, 2025
    Days on Market:
    308
    This exceptional 1.24-acre vacant commercial lot presents a remarkable investment opportunity in Pensacola, Florida. Strategically located on Gulf Beach Highway, boasting 23,800 vehicles per day, this property offers unparalleled visibility and accessibility. Its prime location connects directly to Perdido Key and Blue Angel Parkway (19,000 AADT), ensuring high traffic volume and significant exposure. The site's versatility makes it suitable for a diverse range of commercial ventures, including restaurants, offices, retail establishments, or tourism-related businesses. Its proximity to Pensacola Naval Air Station, Pensacola State College, and downtown Pensacola further enhances its appeal. The property benefits from its close proximity to the waterfront, with numerous marinas, yacht clubs, and boat storage facilities nearby, offering stunning natural scenery within walking distance. National retailers such as Walmart, Target, Starbucks, Sonic, Synovus Bank, and AT&T are also conveniently located nearby. This exceptional location and high visibility make this property an ideal investment for those seeking a thriving commercial venture in a desirable area. The lot size is approximately 54,014 square feet. The asking price is $480,000.

    Property Features for 10118 Nelle Ave

    General Information

    Property type
    Other land
    Square Feet
    54,014 SF
    Price / Square Foot
    $8
    Elevators
    N/A
    Lot Size
    54,014 SF

    HighLights

    • 1.24 acres of vacant commercial land in Pensacola, FL, priced at $480,000.
    • High‑visibility location on Gulf Beach Hwy (23,800 VPD), offering excellent exposure.
    • Close proximity to Pensacola Naval Air Station, Pensacola State College, and downtown Pensacola.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Pharmacy Convenience Store Computer & Electronic Repair Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.358354
    Latitude
    30.328769

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    FAQs

    What type of property is this?
    Land - Prime 1.24-Acre Commercial Lot in Pensacola
    Where is this land located?
    The property is located at 10118 Nelle Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: 1.24 acres of vacant commercial land in Pensacola, FL, priced at $480,000.; High-visibility location on Gulf Beach Hwy (23,800 VPD), offering excellent exposure.; Close proximity to Pensacola Naval Air Station, Pensacola State College, and downtown Pensacola.
    (850) 564-0120
    Request Owner's contact information
    10118 Nelle Ave Pensacola, FL 32507
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    Pensacola, FL 32507
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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
    10118 Nelle Ave Pensacola, FL 32507
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