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    3498 E Olive Rd Pensacola, FL 32514

    Source: https://www.saltercompany.com
    For Sale
    $99,000

    0.52-acre commercial lot, $99K

    Property size:
    22,941 SF

    Description

    Added:
    Feb 21, 2025
    Days on Market:
    291
    This exceptional 0.52-acre commercial lot enjoys a prime corner location at the northeast corner of East Olive Road and Malibu Drive in Pensacola, Florida, zip code 32514. The property boasts impressive dimensions of approximately 130 feet by 175 feet, offering significant development potential. Currently priced at $99,000, this represents a substantial $60,000 price reduction, making it an attractive investment opportunity. The zoning regulations permit both office and retail uses, providing flexibility for a variety of commercial ventures. This highly visible location offers excellent exposure to high traffic counts on East Olive Road, ensuring strong visibility for any business established on the site. The property's size and location make it ideal for a range of commercial developments, from small retail spaces to larger office buildings. Serious inquiries are encouraged to explore the possibilities of this strategically located commercial land parcel. Act quickly to capitalize on this reduced price and secure this prime Pensacola location. The property is located in Escambia County.

    Property Features for 3498 E Olive Rd

    General Information

    Property type
    Other land
    Square Feet
    22,941 SF
    Price / Square Foot
    $4
    Elevators
    N/A
    Lot Size
    22,651 SF

    HighLights

    • Prime 0.52‑acre corner lot in Pensacola, FL.
    • Recently reduced by $60,000, offering exceptional value.
    • Zoned for office and retail, ideal for diverse businesses.
    Property Profile 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

    City
    Pensacola
    State
    Florida

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    FAQs

    What type of property is this?
    Land - 0.52-acre commercial lot, $99K
    Where is this land located?
    The property is located at 3498 E Olive Rd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Prime 0.52-acre corner lot in Pensacola, FL.; Recently reduced by $60,000, offering exceptional value.; Zoned for office and retail, ideal for diverse businesses.
    (850) 232-7576
    Request Owner's contact information
    3498 E Olive Rd Pensacola, FL 32514
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    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
    3498 E Olive Rd Pensacola, FL 32514
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