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    1022 W 9 Mile Road Pensacola, FL 32534

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $600,000

    High-growth area, 2,148 SF building, .72 acres

    Property size:
    3,719 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    335
    This exceptional commercial property, located at 1022 W 9 Mile Road in Pensacola, Florida (zip code 32534), offers a compelling investment opportunity. The property encompasses approximately 0.72 acres of land, boasting 120 feet of frontage on West Nine Mile Road. This high-traffic location benefits from its proximity to major thoroughfares, including Pine Forest Road and Highway 29, and is conveniently situated just minutes from Interstate 10. The property currently features a 2,148 square-foot building, situated on a larger 3,719 square-foot lot. The current zoning is HC/LI. The area surrounding the property has experienced substantial growth in both commercial and residential sectors, making this a prime location for future development or expansion. The asking price is $600,000. This presents a unique chance to capitalize on the continued development and growth in this thriving Pensacola neighborhood. The property is currently occupied by a single-family residence.

    Property Features for 1022 W 9 Mile Road

    General Information

    Property type
    Other retail properties
    Square Feet
    3,719 SF
    Price / Square Foot
    $161
    Elevators
    N/A
    Net Rentable
    2,148 SF
    Lot Size
    29,422 SF

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    1

    HighLights

    • Prime .72‑acre lot with 120 feet of road frontage on W. Nine Mile Road.
    • High‑growth area, conveniently located near major roadways including I‑10.
    • 2,148 square foot building on the property, zoned HC/LI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    City
    Pensacola
    State
    Florida

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    FAQs

    What type of property is this?
    Other retail property - High-growth area, 2,148 SF building, .72 acres
    Where is this other retail property located?
    The property is located at 1022 W 9 Mile Road Pensacola, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Prime .72-acre lot with 120 feet of road frontage on W. Nine Mile Road.; High-growth area, conveniently located near major roadways including I-10.; 2,148 square foot building on the property, zoned HC/LI.
    (850) 564-0120
    Request Owner's contact information
    1022 W 9 Mile Road Pensacola, FL 32534
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    Pensacola, FL 32534
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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
    1022 W 9 Mile Road Pensacola, FL 32534
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