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Industrial Land with Multiple Lots
For Sale
$335,000

616 Massachusetts Ave, Pensacola, FL 32505

Six-parcel property includes an existing 2,394 sf building plus four undeveloped HC/LI-zoned lots.

Property Size2,394 SF
Price / SF$139.93
Days on Market653

Property Features for 616 Massachusetts Ave

General Information

Standard status Active
Size 2,394 SF
Property subtype Lots/Land
Zoning HC/LI
Listing Agency: LPT Realty
Listed By: Bonnie Staples · License #14011
Source: Exitrealty
Added: Jan 3, 2025 Changed: Sep 29 Last Checked: Sep 29 at 7:10AM

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 LPT Realty

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Investment Insights

Based on property information with market context.

This six-parcel property includes an existing 2,394 sf building, currently given no value, along with additional residential lots and four other undeveloped lots. The building can be renovated, or you may choose to build a new home on one or both of the residential lots. The remaining four lots are undeveloped and zoned HC/LI.

The property is located at 616 Massachusetts Avenue in Pensacola, Florida 32505.

With multiple parcels and both an existing structure and undeveloped land, the site offers flexibility for buyers looking to develop or re-purpose the improvements based on their plans.

Key Highlights

  • Six‑parcel property includes an existing 2,394 SF building with no value assigned to the building.
  • Four additional parcels are undeveloped and zoned HC/LI.
  • Opportunity to renovate the existing 2,394 SF building or build new homes on the residential lots.

Property Analytics

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Current Use

Don's Floor Covering Carpet & Flooring Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

343
Businesses Nearby

Demographics for 32505, FL

28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Six-parcel property includes an existing 2,394 sf building plus four undeveloped HC/LI-zoned lots.
Where is this residential land & home lot located?
The property is located at 616 Massachusetts Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Six‑parcel property includes an existing 2,394 SF building with no value assigned to the building.; Four additional parcels are undeveloped and zoned HC/LI.; Opportunity to renovate the existing 2,394 SF building or build new homes on the residential lots.
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