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    2400 Michigan Ave Pensacola, FL 32526

    Sponsored
    For Lease
    $15 SF/Yr

    Pensacola, FL Office Space Available

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Westgate Village, a newly renovated 30,000 square foot commercial center in Pensacola, Florida, offers versatile office and retail spaces. Located at 2400 W Michigan Ave, this Class B property boasts 20 suites, with sizes ranging from 750 to 3,000 contiguous square feet, perfect for businesses seeking flexible options. Recently updated in 2024, the property features fresh paint, new landscaping, improved lighting, and ample parking. Its convenient location on Michigan Avenue, between Mobile Highway and Highway 29, ensures high visibility and accessibility. The property is zoned COM by Escambia County and is currently under new ownership and management, promising a welcoming and professional environment. Multiple tenancy options are available, making it ideal for a variety of businesses. A new monument sign is forthcoming, further enhancing the property's curb appeal. Currently, four spaces are immediately available. This is an excellent opportunity for businesses seeking a modern, well-maintained space in a prime Pensacola location.

    Property Features for 2400 Michigan Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Class
    B
    Total Rate
    37500

    Building Details

    Year Renovated
    2024

    Unit(s) available at that property

    Space
    Unit 17B
    Size
    750 SF
    Rate per SF
    $16
    Space
    Unit 13
    Size
    1,200 SF
    Rate per SF
    $15
    Space
    Units 1 & 2
    Size
    2,370 SF
    Rate per SF
    $18
    Space
    Units 26 & 27
    Size
    1,950 SF
    Rate per SF
    $18

    HighLights

    • Newly renovated 30,000 square foot Class B commercial center in Pensacola, FL.
    • 20 suites ranging from 750 to 3,000 contiguous square feet.
    • 2024 renovations include fresh paint, new landscaping, and improved lighting.
    • High‑visibility location on W Michigan Ave, between Mobile Hwy and Hwy 29, with ample parking.
    • COM zoning (Escambia County); under new ownership and management.
    • Four suites immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fresco Recording Services Recording Studio Westgate Village Business Center Vital Care Life ... Life Insurance Agency Harmonic Learning Education ... Education Center US Post Office Post Office

    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
    -87.281647420645
    Latitude
    30.460861310727

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    FAQs

    What type of property is this?
    Office space - Pensacola, FL Office Space Available
    Where is this office space located?
    The property is located at 2400 Michigan Ave Pensacola, FL.
    What is the lease rate?
    The lease rate is $15-$18 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated 30,000 square foot Class B commercial center in Pensacola, FL.; 20 suites ranging from 750 to 3,000 contiguous square feet.; 2024 renovations include fresh paint, new landscaping, and improved lighting.
    Request Owner's contact information
    2400 Michigan Ave 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
    2400 Michigan Ave Pensacola, FL 32526
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