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Retail Space on Lillian Highway
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4324 Lillian Highway, Pensacola, FL 32506

High-traffic retail space with outparcel and multi-tenant potential.

Space SizeContact for details
Days on Market152

Property Features for 4324 Lillian Highway

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Jacksonville
Listed By: Thomas Watson
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Aug 23 at 5:13AM

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 CBRE | Jacksonville

Investment Insights

Based on property information with market context.

This retail space offers an available area of 4,800 square feet, with an outparcel supporting up to a 7,800 square foot building. The outparcel presents multi-tenant potential. Attractive ground lease terms are available. The property benefits from a high-traffic location on Lillian Highway, fronting a neighborhood discount grocery-anchored shopping center. The surrounding area has a population of nearly 80,000 within a 3-mile radius. The location is at the confluence of four commuter roads, which carry a combined average of over 40,000 cars daily. The shopping center includes national tenants such as Family Dollar and Grocery Advantage, supporting its role as a neighborhood destination. The location is suitable for various uses, including an urgent care facility, auto service, equipment rental, or a liquor store. It is positioned at a major arterial commuter crossroads, benefiting from strong local traffic and daytime employment.

Key Highlights

  • Excellent, high‑traffic location on Lillian Highway.
  • Nearly 80,000 population within 3‑mile radius.
  • Located at the confluence of four commuter roads carrying over 40,000 cars daily.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

433
Businesses Nearby
68k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 42% Dining 34% Shops & Services 14% Office Supplies 10%
Ross Dress for Less Apparel
28,836 visits/mo 0.5 miles
Whataburger Dining
22,743 visits/mo 0.1 miles
Office Depot Office Supplies
6,536 visits/mo 0.5 miles
AutoZone Shops & Services
5,829 visits/mo 0.5 miles
Family Dollar Shops & Services
2,901 visits/mo 0.1 miles

Demographics for 32506, FL

36,017
Population
16,625
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$59,978
Median Household Income
$36,216
Median Earnings
$1,280
Median Rent
$200,500
Median Home Value

Market

Lease Benchmarks for Pensacola, FL

$15.25 /SF/Yr
Avg Asking Price
$8.5–$23 /SF/Yr
Price Range
7,664 SF
Avg Space Size

Vacancy Rate% for Retail in South region

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

What type of property is this?
Retail space - High-traffic retail space with outparcel and multi-tenant potential.
Where is this retail space located?
The property is located at 4324 Lillian Highway Pensacola, FL.
What are key features of this property?
This property features: Excellent, high‑traffic location on Lillian Highway.; Nearly 80,000 population within 3‑mile radius.; Located at the confluence of four commuter roads carrying over 40,000 cars daily.
More about this property
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