Free-Standing Building on 1.68
3301 West Navy Boulevard Pensacola, FL 32505
3301 West Navy Boulevard, Pensacola, FL, 32505
$799,000
For Sale
$799,000
2,840 SF building on 1.68 acres with redevelopment potential.
Property Size2,840 SF
Lot Size1.68 Acres
Price / SF$281.34
Days on Market137
Property Features for 3301 West Navy Boulevard
General Information
- Standard status
- Active
- Size
- 2,840 SF
- Lot size
- 1.68 Acres
- Property subtype
- Retail
Listing Agency
Bellcore Commercial
(850) 240-0527
Listed by
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source
Bellcorecommercial
Added: Mar 5 Updated: Jul 6 at 10:02 am Checked: Jul 20 at 2:56 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellcore Commercial
Investment Insights
Based on property information with market context.
This property presents an opportunity for investors seeking flexibility and visibility, featuring a 2,840 square foot free-standing building on a 1.68-acre site. The site offers ample space for expansion, parking, or future redevelopment. Zoned C-3, the property supports a wide range of retail, service, and commercial uses. Improvements include a roof replacement completed in 2015, newer HVAC systems, and three-phase power. Mature live oak trees enhance the site, adding character and curb appeal. Its independent layout and scalable size make the property suited for single-tenant retail, owner-users, or repositioning strategies. Located within the greater Pensacola market, the area benefits from strong retail fundamentals driven by a diverse economic base and consistent regional traffic. Pensacola is anchored by major employers such as Naval Air Station Pensacola, Navy Federal Credit Union’s headquarters, Baptist Health Care, and Ascension Sacred Heart. The location offers convenient access to US-98, I-110, and downtown Pensacola, connecting it to Cordova Mall, Pensacola International Airport, and the waterfront entertainment district. Nearby national retailers, neighborhood shopping centers, and dense residential pockets support daily consumer demand, making the area attractive for street retail and service-oriented uses.
Key Highlights
- High traffic visible location within the greater Pensacola market with strong retail fundamentals.
- Generous 1.68‑acre site with expansion and redevelopment potential.
- Zoned C‑3, supporting a wide range of retail, service, and commercial uses.
Local Financial Insights For Retail
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 | $51.1k | $18.00 |
| − Vacancy | −$5.3k | −$1.85 |
| EGI | $45.9k | $16.15 |
| − OpEx | −$13.8k | −$4.84 |
| NOI | $32.1k | $11.30 |
2,840 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$458.5K
$401.2K – $535.0K
NOI $32,098 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.5K
$729.3K – $972.4K
NOI $58,345 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Leonard Buildings & Truck ...
Auto Parts Store
VALERIO'S AUTO SALES
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Deluna Flowers & Boutique — 3516 W Navy Blvd, Pensacola, FL 32505
FAQs
What type of property is this?
Storefront property - 2,840 SF building on 1.68 acres with redevelopment potential.
Where is this storefront property located?
The property is located at 3301 West Navy Boulevard Pensacola, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: High traffic visible location within the greater Pensacola market with strong retail fundamentals.; Generous 1.68‑acre site with expansion and redevelopment potential.; Zoned C‑3, supporting a wide range of retail, service, and commercial uses.
