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Property profile & analytics
OFF-MARKET
Land

10000 Pensacola Blvd Pensacola, FL 32534

Property ID
Property summary
AI-generated overview

Pensacola Blvd. redevelopment land available! This is a combination of 2 parcels that stretch from Pensacola Blvd. (Hwy. 29) all the way over to N. Palafox St., giving this land multiple points of ingress/egress. There is a median cut along Pensacola Blvd. allowing easy access both north and southbound. There is currently a +/- 7,560 SF metal building fronting Pensacola Blvd., a +/- 880 SF concrete block garage and a +/- 1,822 SF home fronting N. Palafox that can be renovated to utilize once again. The eastern portion of the property is currently being used as an RV/trailer park with current tenants on a month-to-month basis (land leases). The park has the ability to increase occupancy, creating better cash flow or leases can be terminated and redevelopment can take place. There is an underground gas line easement in place that runs from Pensacola Blvd. east to N. Palafox, dividing the 2 land parcels and currently acts as a private drive. Pensacola Blvd. currently has +/- 32,066 Average Annual Daily Traffic "AADT" (2023 FDOT), while N. Palafox has an additional +/- 9,600 "AADT". This property offers many possible "new development" scenarios from office, retail, restaurant, office/warehouse, multi-family and more! Located 1/2 mile north of 9 Mile Road intersection and 2.5 miles north of Interstate 10! If you're looking for a large piece of dirt for redevelopment in a booming corridor of town or revitalizing existing structures and use, then here's your opportunity! DRG Featured!

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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