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Family Dollar-Anchored Shopping Center
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2829 W Michigan Ave, Pensacola, FL 32526

Four-suite retail property with a discount retailer, restaurant franchise, hair salon, and clothing boutique.

Property SizeContact for details
Days on Market144

Property Features for 2829 W Michigan Ave

General Information

Standard status Active
Property subtype Retail

Additional Details

Anchor Co-Tenants Family Dollar, Papa John's

Building Details

Tenancy Multi
Listing Agency: Alliance Real Estate
Listed By: David Wu · License #Florida CQ1055862
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 8:57AM

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 Alliance Real Estate

Investment Insights

Based on property information with market context.

This four-suite shopping center combines a Family Dollar store with a Papa John's franchise and two additional leased units. The remaining occupants are a hair salon and a clothing boutique, creating a varied tenant mix within one retail property.

The center is positioned in Pensacola's central business district at 2829 W Michigan Ave. Its surrounding context includes residential neighborhoods, other retail centers, schools, and multifamily developments. The property offers an established small-center format with both retail and service-oriented occupancy represented.

Key Highlights

  • Family Dollar serves as the shopping center's anchor tenant
  • Papa John's franchise included in the tenant mix
  • Two additional units are leased to a hair salon and clothing boutique

Property Analytics

Current Use

Family Dollar Discount Store Papa John's Pizza Restaurant Levels Clothing & Fashion Store U&F Roofing Services Roofing Company

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Nail Salon

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

287
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 68% Dining 32%
Tom Thumb Food Stores Shops & Services
11,487 visits/mo 0.2 miles
SONIC Drive In Dining
8,449 visits/mo 0.5 miles
Dollar General Shops & Services
8,117 visits/mo 0.4 miles
Shell Shops & Services
6,697 visits/mo 0.1 miles
Family Dollar Shops & Services
5,936 visits/mo 0.1 miles

Demographics for 32526, FL

43,029
Population
18,478
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
58.4 sq mi
ZIP Area
737
Density / Sq Mi
$71,651
Median Household Income
$40,565
Median Earnings
$1,287
Median Rent
$230,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Four-suite retail property with a discount retailer, restaurant franchise, hair salon, and clothing boutique.
Where is this shopping center located?
The property is located at 2829 W Michigan Ave Pensacola, FL.
What are key features of this property?
This property features: Family Dollar serves as the shopping center's anchor tenant; Papa John's franchise included in the tenant mix; Two additional units are leased to a hair salon and clothing boutique
(850) 393-9455 Call to check price and availability
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