8190 Pensacola Blvd Pensacola, FL 32534

This exceptional 48,018-square-foot building, situated on a 5.38-acre lot at 8190 Pensacola Boulevard in Pensacola, Florida, 32534, presents a unique investment opportunity. Currently operating as the Jacqueline Harris Preparatory Academy, a charter school, this adaptable property offers significant potential for diverse uses, including office space, sober living facilities, nursing homes, or another educational institution. Built in 1991 and fully renovated in 2012, the building enjoys high visibility and accessibility along heavily trafficked Pensacola Boulevard, with over 44,000 vehicles passing daily. Its prime location less than a mile north of Interstate 10 and just over a mile south of Nine Mile Road's commercial hub ensures excellent connectivity. Proximity to Navy Federal Credit Union, Pensacola's largest employer, further enhances its appeal. The property benefits from a strong local market, with residents within a 3-mile radius demonstrating significant consumer spending exceeding $500 million year-to-date in 2023, and over $24 million spent on education and daycare. The existing charter school, despite downsizing, currently maintains a waiting list and serves 246 students, indicating a robust demand for educational services in the area. This offering is priced below market value and replacement cost, representing a compelling investment opportunity in a thriving Pensacola location near national retailers such as Circle K, Walmart, and Home Depot. The lease type is NNN. The annual rate is $12 per square foot.