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    2023 Dr Martin Luther King Jr Dr Pensacola, FL 32503

    For Sale
    $350,000

    1,860 SF retail space in a vibrant Pensacola location.

    Property size:
    1,860 SF
    Lot size:
    0.17 Acres

    Property Features for 2023 Dr Martin Luther King Jr Dr

    General Information

    Size
    1,860 SF
    Lot size
    0.17 Acres

    Source: Coldwell Banker Commercial Realty Agent Michael Mangrum

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

    Overview

    Prime Retail Space For Sale

    This 1,860 square foot retail space is for sale in Pensacola, Florida. The property is situated on Dr. Martin Luther King Jr Dr, benefiting from high visibility and foot traffic due to its location amidst residential neighborhoods, commercial enterprises, and community services. The space features a flexible floor plan that can be customized for various retail concepts, from boutiques to service-oriented businesses. Large storefront windows provide natural light and visibility, complemented by modern electrical and plumbing systems. The location is accessible via I-110 and thoroughfares, with parking available at the rear of the building. The surrounding neighborhood fosters community engagement, making it suitable for businesses looking to connect with residents. The building is located at the intersection of Dr. Martin Luther King Dr., E Jordan St, and N Haynes St, with two curb cuts providing easy access to I-110. This adaptable space is suited for launching a new retail store, expanding an existing location, or starting a pop-up venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    County
    Escambia
    State
    Florida
    Longitude
    -87.2146497
    Latitude
    30.4343416

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    FAQs

    What type of property is this?
    Retail space - 1,860 SF retail space in a vibrant Pensacola location.
    Where is this retail space located?
    The property is located at 2023 Dr Martin Luther King Jr Dr Pensacola, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime location on Dr. Martin Luther King Jr Dr with high visibility and foot traffic.; - Easy access to I-110 via 2 curb cuts.; - **1,860 square feet of adaptable retail space** suitable for various business concepts.
    (850) 748-2264
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    2023 Dr Martin Luther King Jr Dr Pensacola, FL 32503
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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
    2023 Dr Martin Luther King Jr Dr Pensacola, FL 32503
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