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    2659 W Michigan Ave Pensacola, FL 32526

    Source: https://www.saltercompany.com
    For Sale
    $139,000

    High-visibility lot, ideal for development. Excellent location.

    Property size:
    23,855 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    299
    This exceptional 0.55-acre commercial land parcel presents a unique investment opportunity in Pensacola, Florida. Situated on West Michigan Avenue, a five-lane highway, this property boasts unparalleled visibility and accessibility. Its strategic location between Mobile Highway and W Street ensures high traffic volume and exposure to a large potential customer base. The zoning designation is HDMU, offering flexibility for a variety of commercial development projects. The expansive lot size provides ample space for construction, allowing for significant building potential. This property is priced at $139,000 and represents a compelling chance to acquire a highly desirable commercial site in a thriving area. The address is 2659 W Michigan Ave, Pensacola, FL 32526. Serious inquiries are encouraged. This is a rare opportunity to secure a prime piece of commercial real estate in a high-traffic location. Don't miss out on this chance to build your business in a prime Pensacola location.

    Property Features for 2659 W Michigan Ave

    General Information

    Property type
    Other land
    Square Feet
    23,855 SF
    Price / Square Foot
    $5
    Elevators
    N/A
    Lot Size
    23,958 SF

    HighLights

    • High‑traffic location on a 5‑lane highway, West Michigan Ave.
    • 0.54 acres of commercially‑zoned land in Pensacola, Florida.
    • Excellent visibility between Mobile Hwy and W Street.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -87.288234
    Latitude
    30.460422

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    FAQs

    What type of property is this?
    Land - High-visibility lot, ideal for development. Excellent location.
    Where is this land located?
    The property is located at 2659 W Michigan Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: High-traffic location on a 5-lane highway, West Michigan Ave.; 0.54 acres of commercially-zoned land in Pensacola, Florida.; Excellent visibility between Mobile Hwy and W Street.
    (850) 564-0120
    Request Owner's contact information
    2659 W Michigan Ave Pensacola, FL 32526
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    Pensacola, FL 32526
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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
    2659 W Michigan Ave Pensacola, FL 32526
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