Boutique Commercial Building on
1113 N 9th Ave Pensacola, FL 32501
For Sale
$650,000
Distinctive 2,000 SF commercial property in established business corridor.
Property Size2,000 SF
Lot Size0.32 Acres
Price / SF$325
Days on Market114
Property Features for 1113 N 9th Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.32 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing Agency:
(850) 292-2840
Listed By:
Will Kurnia · License #FL #SL3518294
(850) 292-2840
Source:
Naiglobal
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 23 at 3:49AM
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 Will Kurnia
Investment Insights
Based on property information with market context.
This 2,000 SF standalone commercial building is a boutique-style property situated on three parcels totaling 0.319 acres. It offers a distinctive opportunity to acquire commercial property in an established and visible business corridor. The building combines charm, functionality, and strong corridor presence, making it well suited for an owner-user seeking a polished environment with character and convenience. The property features approximately 80 feet of frontage on 9th Avenue and possible secondary access from DeSoto Street. Interior improvements include updated lighting, flooring, built-ins, smooth-finish ceilings, upgraded trim work, and tasteful paint throughout. The building also includes 9-foot ceilings on the main floor and two restrooms, including one with a full shower. Additionally, there is a 452 SF conditioned storage building. The property is beautifully updated and exceptionally well maintained.
Key Highlights
- 2,000 SF standalone commercial building in a highly visible and established business corridor.
- Updated and exceptionally well‑maintained interior with high‑quality finishes.
- Approximately 80 FT of frontage on 9th Avenue.
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 | $36.0k | $18.00 |
| − Vacancy | −$3.7k | −$1.85 |
| EGI | $32.3k | $16.15 |
| − OpEx | −$9.7k | −$4.84 |
| NOI | $22.6k | $11.30 |
2,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.0K
$513.6K – $684.8K
NOI $41,088 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
li's art spot
Art Gallery
Similar Off Market Nearby
- Florist Pensacola Flowers — pensacola, fl 32501
- Celebrations — 717 N 12th Ave, Pensacola, FL 32501
FAQs
What type of property is this?
Storefront property - Distinctive 2,000 SF commercial property in established business corridor.
Where is this storefront property located?
The property is located at 1113 N 9th Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,000 SF standalone commercial building in a highly visible and established business corridor.; **Updated and exceptionally well‑maintained interior with high‑quality finishes.**; Approximately 80 FT of frontage on 9th Avenue.
