Property summary
This exceptional retail redevelopment opportunity in Pensacola, Florida, presents a versatile 38,022 square foot property situated on a 2.581-acre lot at the prominent intersection of N 9th Ave and E. Fairfield Drive. The property, formerly a CVS Pharmacy, features a single-story building constructed in 1976 and zoned C-1. Currently, 17,280 square feet of vacant space is available, divisible into units as small as 3,000 square feet, with a maximum contiguous space of 17,280 square feet. The existing building's layout is ideal for a variety of uses, including dollar stores, medical facilities, or similar retail concepts. The substantial excess land offers significant potential for additional development, such as a gas station, car wash, fast-food restaurant, or quick-service restaurant, through ground leasing. This property presents a unique blend of existing inline retail space and significant land for expansion, making it an excellent investment for a variety of retail ventures. The property's address is 3822 N 9th Ave, Pensacola, FL 32503, with the APN 042S302007001067 in Escambia County. The owner is open to considering demising the space and/or building to suit tenant needs.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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