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    1301 N 9Th Ave Pensacola, FL 32503

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    For Sale
    $7,725,000

    Retail property with long-term lease and tenant improvements.

    Property size:
    27,675 SF
    Lot size:
    1.68 Acres

    Property Features for 1301 N 9Th Ave

    General Information

    Size
    27,675 SF
    Lot size
    1.68 Acres

    Source: Matthews Real Estate Investment Services - Corporate Agent Ethan Edmiston

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

    Overview

    Pensacola Retail Property For Sale

    The property features $4.1 million in tenant-funded capital improvements, including a new roof, upgraded plumbing systems, new HVAC units, interior wall reconstruction, fresh paint, carpet replacement, and comprehensive flooring updates. A new 10-year lease has been signed by the Department of Juvenile Justice, commencing upon completion and acceptance of tenant improvements. The State of Florida, as the tenant, holds an S&P AAA credit rating. Both tenants anticipate increased allocations in the FY 2025–2026 budget cycle. The asset is located in an area experiencing sustained population growth. The property has a size of 27675 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Food Stamp Office Government Office Family Dollar Dollar Store DCF Adult Protective ... State Government Office DCF Florida Government Economic Program

    Suggested Use

    Realty agency Restaurant Law Firm 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.

    Similar Places Nearby

    Just Judy's Flowers Local Art & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2083912
    Latitude
    30.4263141

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    FAQs

    What type of property is this?
    Storefront property - Retail property with long-term lease and tenant improvements.
    Where is this storefront property located?
    The property is located at 1301 N 9Th Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $7,725,000.
    What are key features of this property?
    This property features: - S&P AAA Credit Rating Tenant (State of Florida); - New 10-Year Lease For DJJ; - $4.1 Million in Tenant-Funded Capital Improvements (New Roof, HVAC, Plumbing, Interior)
    (205) 541-7728
    Request Owner's contact information
    1301 N 9Th Ave Pensacola, FL 32503
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    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
    1301 N 9Th Ave Pensacola, FL 32503
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