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    100 Blk Mikemo Rd Pensacola, FL 32504

    Sponsored
    For Sale
    $600,000

    Escambia Bay views, I-10 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel, located on Mikemo Road in Pensacola, Florida (zip code 32504), presents a unique investment opportunity. Situated on approximately 0.9 acres (final size to be determined by a new survey), this high and dry property boasts approximately 435 feet of road frontage. The property enjoys stunning views of Escambia Bay and benefits from its convenient location just south of the Exxon/Dairy Queen, providing excellent access to Interstate 10. Zoned COM, this versatile land offers a wide range of potential uses, making it ideal for various commercial ventures. The asking price is $600,000, translating to approximately $9.18 per square foot. Its location in Escambia County, Florida, and its proximity to major transportation routes make this a highly desirable site for businesses seeking visibility and accessibility. The property's potential as a hospitality site is particularly noteworthy, given its scenic location and bay access. The APN is 061S291007000005. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Florida market.

    Property Features for 100 Blk Mikemo Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 0.9‑acre land parcel.
    • 0.9‑acre site.
    • Commercially zoned (COM).
    • $400,000 per acre list price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.159409
    Latitude
    30.502591

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    FAQs

    What type of property is this?
    Land - Escambia Bay views, I-10 access.
    Where is this land located?
    The property is located at 100 Blk Mikemo Rd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 0.9-acre land parcel.; 0.9-acre site.; Commercially zoned (COM).
    (850) 477-7044
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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
    100 Blk Mikemo Rd Pensacola, FL 32504
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