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    3200 Michigan Ave Pensacola, FL 32526

    For Sale
    $875,000

    3.43 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.43-acre commercial land parcel in Pensacola, Florida, is ideally situated on West Michigan Avenue, boasting an impressive average daily traffic count of 35,500 vehicles. Located directly north of the Publix-anchored Bellview Plaza Shopping Center, this high-and-dry lot offers approximately 100 feet of frontage on Michigan Avenue. Its mid-block position, adjacent to established commercial businesses, presents a remarkable opportunity for a national restaurant or retail establishment. Zoned COM (Commercial) by Escambia County, the property's expansive rear area is well-suited for industrial development, warehousing, or storage facilities. Convenient access is provided via Denver Street on the eastern boundary and Tucson Avenue on the northern boundary, facilitating easy truck access. The property's proximity to national automotive and food service brands further enhances its appeal and potential for significant return on investment. The asking price is $875,000, and the APN is 421S302101001031. This is a rare opportunity to acquire a strategically located commercial property in a thriving Pensacola market. The property's size, location, and zoning make it a highly desirable investment.

    Property Features for 3200 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    149,411 SF

    HighLights

    • $875,000 asking price.
    • 3.43‑acre commercial land parcel.
    • Located at 3200 W Michigan Ave, Pensacola, FL 32526 (APN: 421S302101001031).
    • COM zoning.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.296828
    Latitude
    30.46129

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    FAQs

    What type of property is this?
    Land - 3.43 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 3200 Michigan Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: $875,000 asking price.; 3.43-acre commercial land parcel.; Located at 3200 W Michigan Ave, Pensacola, FL 32526 (APN: 421S302101001031).
    Request Owner's contact information
    3200 Michigan Ave Pensacola, FL 32526
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    Pensacola, FL 32526
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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
    3200 Michigan Ave Pensacola, FL 32526
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