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    1090 Michigan Ave Pensacola, FL 32505

    Sponsored
    For Sale
    $679,000

    Prime Pensacola retail, 5 acres, high traffic

    Property size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 1090 W Michigan Ave in Pensacola, Florida, presents a unique investment opportunity. The 2,800 square foot building sits on a substantial 4.92-acre lot, boasting a highly desirable location fronting Michigan Avenue and abutting Crescent Lake, within Marcus Bayou's watershed. Built in 1988, this single-story structure enjoys 100% occupancy with a net lease in place. The property features a mixed-use zoning (HDMU

    Property Features for 1090 Michigan Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,800 SF
    Lot Size
    214,315 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.271094490436
    Latitude
    30.461097744944

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    FAQs

    What type of property is this?
    Individual retail property - Prime Pensacola retail, 5 acres, high traffic
    Where is this individual retail property located?
    The property is located at 1090 Michigan Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $679,000.
    Request Owner's contact information
    1090 Michigan Ave Pensacola, FL 32505
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    Pensacola, FL 32505
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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
    1090 Michigan Ave Pensacola, FL 32505
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