Technical
Financial
Distress signals
Property profile

3200 Michigan Ave Pensacola, FL 32526

OFF-MARKET
Land
3.43 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3.43-acre commercial land parcel in Pensacola, Florida, is ideally situated on West Michigan Avenue, boasting an impressive average daily traffic count of 35,500 vehicles. Located directly north of the Publix-anchored Bellview Plaza Shopping Center, this high-and-dry lot offers approximately 100 feet of frontage on Michigan Avenue. Its mid-block position, adjacent to established commercial businesses, presents a remarkable opportunity for a national restaurant or retail establishment. Zoned COM (Commercial) by Escambia County, the property's expansive rear area is well-suited for industrial development, warehousing, or storage facilities. Convenient access is provided via Denver Street on the eastern boundary and Tucson Avenue on the northern boundary, facilitating easy truck access. The property's proximity to national automotive and food service brands further enhances its appeal and potential for significant return on investment. The asking price is $875,000, and the APN is 421S302101001031. This is a rare opportunity to acquire a strategically located commercial property in a thriving Pensacola market. The property's size, location, and zoning make it a highly desirable investment.

Property profile

Verified
Property type Land
Lot 3.43 ac (149,411 SF)

Cap rate & NOI

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

Location

3200 Michigan Ave Pensacola, FL 32526
Pensacola metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3200 Michigan Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message