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    1026 Nine Mile Rd Pensacola, FL 32534

    For Sale
    $1,595,000

    Prime Pensacola land, high visibility, HC/LI zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.53-acre commercial development site in Pensacola, Florida, presents a remarkable investment opportunity. Located at 1026 W 9 Mile Rd, Escambia County, 32534, this property boasts 220 feet of frontage along Nine Mile Road/Highway 90, between Bowman Avenue and Cove Avenue. The site benefits from high visibility and significant traffic counts (averaging 28,500 vehicles daily), situated in a rapidly expanding area of Pensacola. Its HC/LI zoning allows for a diverse range of uses, including retail, shopping centers, schools, medical facilities, offices, convenience stores, restaurants, apartments, single-family homes, churches, and motels. The property is high and dry, classified as Flood Zone X, indicating minimal flood risk, and no wetlands are present. Its strategic location near Highway 29, between Lowe's, Home Depot, and a new 240-unit apartment complex, further enhances its appeal and potential for significant return on investment. The asking price is $1,595,000, translating to $424,646 per acre. The APN is 091S302101090006. This is a rare opportunity to acquire a well-positioned, versatile development site in a thriving market.

    Property Features for 1026 Nine Mile Rd

    General Information

    Property type
    Land
    Lot Size
    153,767 SF

    HighLights

    • 3.53‑acre commercial development site in Pensacola, FL.
    • High‑visibility location with 220 feet of frontage on Nine Mile Road (Highway 90).
    • HC/LI zoning allows for diverse uses including retail, medical, and residential.
    • Prime location near Highway 29, between Lowe's, Home Depot, and a new 240‑unit apartment complex.
    • High daily traffic counts averaging 28,500 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.289588156254
    Latitude
    30.533768257749

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    FAQs

    What type of property is this?
    Land - Prime Pensacola land, high visibility, HC/LI zoning.
    Where is this land located?
    The property is located at 1026 Nine Mile Rd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 3.53-acre commercial development site in Pensacola, FL.; High-visibility location with 220 feet of frontage on Nine Mile Road (Highway 90).; HC/LI zoning allows for diverse uses including retail, medical, and residential.
    Request Owner's contact information
    1026 Nine Mile Rd Pensacola, FL 32534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1026 Nine Mile Rd Pensacola, FL 32534
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