Property profile

3822 9Th Ave Pensacola, FL 32503

OFF-MARKET
Neighborhood centers
38,022 SF Built 1976
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Property summary

AI-generated overview

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

Verified
Property type Neighborhood centers
Year built 1976
Total area 38,022 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop

Location

3822 9Th Ave Pensacola, FL 32503
Pensacola metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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