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    2210 Olive Rd Pensacola, FL 32514

    For Sale
    $1,600,000

    8-Unit Office Building, Newly Renovated

    Property size:
    5,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This prime Pensacola office complex, located at 2210 E Olive Rd, is offered for sale at $1,600,000. The property boasts 8 vacant units within a newly renovated (2023) two-story building, totaling 9,823 square feet (including porch/upper story) on a 0.37-acre lot. The flexible space is suitable for various office uses, including creative, executive, and medical offices. Each unit includes restrooms and ample space. Building amenities include water fountains and Wi-Fi accessibility. The property is zoned COM and benefits from a highly desirable location, less than a mile from HCA Florida West Hospital, I-10, and numerous amenities. Its proximity to N Davis Hwy and I-10 ensures excellent accessibility. The asking price is competitive, reflecting current construction and land values. The building's 5,992 square feet of usable space offers significant potential for leasing to tenants or establishing a corporate office center. This is a rare opportunity to acquire a fully renovated, multi-unit office building in a prime Pensacola location.

    Property Features for 2210 Olive Rd

    General Information

    Property type
    Medical offices
    Square Feet
    5,992 SF
    Class
    B

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • $1,600,000 asking price.
    • Vacant, 8‑unit, Class B office complex.
    • 5,992 - 9,823 square feet; two stories.
    • Recently renovated (2023).
    • Located at 2210 E Olive Rd, Pensacola, FL 32514, near I‑10 and HCA Florida West Hospital.
    • Zoned COM; 0.37‑acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -87.216154779908
    Latitude
    30.510136677237

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    FAQs

    What type of property is this?
    Medical office - 8-Unit Office Building, Newly Renovated
    Where is this medical office located?
    The property is located at 2210 Olive Rd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; Vacant, 8-unit, Class B office complex.; 5,992 - 9,823 square feet; two stories.
    Request Owner's contact information
    2210 Olive Rd Pensacola, FL 32514
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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
    2210 Olive Rd Pensacola, FL 32514
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