3498 Olive Rd Pensacola, FL 32514
Exceptional opportunity to acquire a 0.52-acre commercial land parcel located at 3498 East Olive Road in Pensacola, Florida. This property, situated at the northeast corner of East Olive Road and Malibu Drive, boasts a generous 130' x 175' lot size. The property is zoned HDMU, permitting both office and retail development, making it highly versatile and attractive to a range of potential businesses. The asking price is $129,000, reflecting a recent $60,000 price reduction, presenting a compelling investment opportunity. The property's location offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The legal description is 07-1S-29-1004-002-002, and ownership is fee simple. This prime commercial land presents a rare chance to establish a presence in a thriving Pensacola market. Don't miss this chance to secure this strategically located and well-zoned property. Act quickly, as this opportunity is unlikely to last. The property is located in Escambia County, Florida, with a zip code of 32514.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.