Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1500 W Main St, Unit Pensacola Pensacola, FL 32502

    For Sale
    $4,000,000

    Long-term tenant, renewed lease, development potential in downtown Pensacola.

    Property size:
    51 SF

    Property Features for 1500 W Main St

    General Information

    Size
    51 SF

    Source: Michael Mangrum Agent Michael Mangrum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pensacola Investment Opportunity with Development Potential

    This property presents an investment opportunity with future development potential. It is currently occupied by a long-term, established building supply operator. The tenant has recently renewed their lease for an additional 10 years, with three five-year options. The current net operating income (NOI) provides a return from an established tenant, featuring annual increases and no owner responsibilities. Located on the west side of Downtown Pensacola, the 51-square-foot property may be a suitable redevelopment site in the future. The property offers a return and is priced below current land value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Builders First Source Fence Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2336867
    Latitude
    30.4051206

    Nearby Similar for Sale

    • $950,000

      Turnkey Income Property in Pensacola

      Fully functioning 6-unit income property with high-yield potential.
      2001 N 61St Ave, Pensacola, FL 32506
      View Details
    • $379,900

      Pensacola Duplex with Inground Pool

      Duplex in Pensacola, FL with saltwater pool and large yard.
      3781 Nobles St, Pensacola, FL 32514
      View Details
    • $599,900

      Luxury Duplex Near Pristine Beaches

      Upscale duplex investment near beaches with fully furnished units.
      14013 Innerarity Point Rd, Pensacola, FL 32507
      View Details
    • New
      $725,000

      Historic Downtown Pensacola Quadruplex

      Income-producing, furnished quadruplex in Pensacola's historic Old East Hill.
      522 N 7Th Ave, Pensacola, FL 32501
      View Details
    • $590,000
      2,380 SF

      Pensacola Single-Story Home with Pond View

      Four-bedroom home in maritime community with pond and marina access.
      4003 Indigo Dr, Pensacola, FL 32507
      View Details
    • $599,900
      2,440 SF

      Luxury Duplex Near Pristine Beaches

      Luxury duplex investment property with high-end finishes and furnishings.
      14013 Innerarity Point Rd, Pensacola, FL 32507
      View Details

    FAQs

    What type of property is this?
    Retail property - Long-term tenant, renewed lease, development potential in downtown Pensacola.
    Where is this retail property located?
    The property is located at 1500 W Main St, Unit Pensacola Pensacola, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Long-term lease (10 years + 3 five-year options) with an established tenant.; - Healthy current Net Operating Income (NOI) return.; - Annual rent increases with no owner responsibility.
    (850) 748-2264
    Request Owner's contact information
    1500 W Main St, Unit Pensacola Pensacola, FL 32502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 W Main St, Unit Pensacola
    Pensacola, FL 32502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1500 W Main St, Unit Pensacola Pensacola, FL 32502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.