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    3822 9Th Ave Pensacola, FL 32503

    For Lease
    $11 SF/Yr

    High-traffic location, flexible space available.

    Lot size:
    38,022 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail redevelopment opportunity in Pensacola, Florida, presents a versatile 38,022 square foot property situated on a 2.581-acre lot at the prominent intersection of N 9th Ave and E. Fairfield Drive. The property, formerly a CVS Pharmacy, features a single-story building constructed in 1976 and zoned C-1. Currently, 17,280 square feet of vacant space is available, divisible into units as small as 3,000 square feet, with a maximum contiguous space of 17,280 square feet. The existing building's layout is ideal for a variety of uses, including dollar stores, medical facilities, or similar retail concepts. The substantial excess land offers significant potential for additional development, such as a gas station, car wash, fast-food restaurant, or quick-service restaurant, through ground leasing. This property presents a unique blend of existing inline retail space and significant land for expansion, making it an excellent investment for a variety of retail ventures. The property's address is 3822 N 9th Ave, Pensacola, FL 32503, with the APN 042S302007001067 in Escambia County. The owner is open to considering demising the space and/or building to suit tenant needs.

    Property Features for 3822 9Th Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,022 SF
    Total Rate
    34853.5

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Former CVS Space
    Size
    17,280 SF
    Rate per SF
    $11
    Property Profile Location Intelligence

    Current Use by Public Records

    AHW Barber Academy Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.21403517
    Latitude
    30.45395038

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic location, flexible space available.
    Where is this neighborhood center located?
    The property is located at 3822 9Th Ave Pensacola, FL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    Request Owner's contact information
    3822 9Th Ave Pensacola, FL 32503
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    Pensacola, FL 32503
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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
    3822 9Th Ave Pensacola, FL 32503
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