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    5000 9Th Ave Pensacola, FL 32503

    For Sale
    $1,290,000

    2.7 acres, prime Cordova location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.717-acre commercial land parcel is ideally situated in Pensacola, Florida's thriving Cordova Business District, at the corner of N 9th Avenue and Carpenters Creek Drive. Priced at $1,290,000 ($474,788/acre), this property boasts a high-traffic location directly across from Publix and Panera Bread, and near other prominent national retailers including Whataburger, KFC, Winn-Dixie, Target, Olive Garden, and the Cordova Mall. The site benefits from easy access to I-110 and other major roadways, ensuring excellent visibility and convenient access for customers and employees. A wetlands report is available upon request, indicating 1.8 acres of uplands are suitable for development. The property is zoned C1 and offers easy ingress and egress. Further supporting documentation includes a 2023 survey and a 2023 protected tree inventory report. This prime location within a well-established commercial area presents a significant opportunity for investors and developers seeking a high-impact site in a bustling retail environment. The property's strategic placement on a major thoroughfare in the heart of the Cordova business district guarantees high visibility and accessibility, making it an ideal location for a variety of commercial ventures.

    Property Features for 5000 9Th Ave

    General Information

    Property type
    Land
    Lot Size
    118,353 SF

    HighLights

    • Prime location in Pensacola's Cordova Business District, at N 9th Avenue and Carpenters Creek Drive.
    • 2023 survey and protected tree inventory report available.
    • Excellent highway access via I‑110.
    • C1 zoning.
    • Easy ingress and egress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.213174256622
    Latitude
    30.471931383263

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    FAQs

    What type of property is this?
    Land - 2.7 acres, prime Cordova location.
    Where is this land located?
    The property is located at 5000 9Th Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: Prime location in Pensacola's Cordova Business District, at N 9th Avenue and Carpenters Creek Drive.; 2023 survey and protected tree inventory report available.; Excellent highway access via I-110.
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    5000 9Th Ave Pensacola, FL 32503
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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
    5000 9Th Ave Pensacola, FL 32503
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