Commercial Lot with Existing
1860 Atwood Dr, Pensacola, FL 32514
1 ACRE IMPROVED COMMERCIAL SITE NE PENSACOLA For Sale
Property size:
1,832 SFLot size:
1.01 AcresPrice / SF:
$150/SF- Added:
- Feb 10, 2025
- Days on Market:
- 513
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1860 Atwood Dr
General Information
- Standard status
- Active
- Property type
- Commercial land, Residential land & home lots, Other mixed-use properties, Land, Mixed-use properties
- Size
- 1,832 SF
- Net Rentable
- 1,832 SF
- Elevators
- N/A
- Lot size
- 1.01 Acres
Building Details
- Year Built
- 1939
- Year Renovated
- 1944
- Buildings
- 1
- Stories
- 1
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 10, 2025
Overview
This 1.0095-acre commercial property is located near the intersection of N Davis Highway and I-10, providing access to the Pensacola market. The mostly cleared lot is partially fenced and includes existing improvements, consisting of an 832-square-foot home office and a garage exceeding 1000 square feet. The commercial zoning allows for a range of uses, making it suitable for service contractors, retail businesses, or other enterprises requiring access to major transportation routes. The site also presents long-term development potential and could be used for a townhome or multi-family residential development. The property includes 1832 square feet of property size.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $21.60 |
| − Vacancy | −$4.7k | −$2.59 |
| EGI | $34.8k | $19.01 |
| − OpEx | −$13.1k | −$7.13 |
| NOI | $21.8k | $11.88 |
1,832 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$310.9K
$272.1K – $362.7K
NOI $21,764 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.7K
$470.5K – $627.3K
NOI $37,637 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2216
- Latitude
- 30.5313
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 1 ACRE IMPROVED COMMERCIAL SITE NE PENSACOLA For Sale
Where is this commercial land located?
The property is located at 1860 Atwood Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $275,000.
