2400 Michigan Ave Pensacola, FL 32526
- Community centers
- 8,150 SF
- 2.42 lot acres
Current Use by Public Records
- Fresco Recording Services / Recording Studio
- Westgate Village / Business Center
- Vital Care Life Insurance Agency / Life Insurance Agency / Insurance Agency
- Harmonic Learning Education and Training / Education Center
- US Post Office / Post Office
Property Details for 2400 Michigan Ave
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 2.42 lot acres
- Property size
- 8,150 SF
- Zone code
- COM
- Property type
- Community centers
- APN
- 43-1S-30-1101-004-001
- APU
- 431S301101004001
Description
Westgate Village, a newly renovated 30,000 square foot commercial center in Pensacola, Florida, offers versatile office and retail spaces. Located at 2400 W Michigan Ave, this Class B property boasts 20 suites, with sizes ranging from 750 to 3,000 contiguous square feet, perfect for businesses seeking flexible options. Recently updated in 2024, the property features fresh paint, new landscaping, improved lighting, and ample parking. Its convenient location on Michigan Avenue, between Mobile Highway and Highway 29, ensures high visibility and accessibility. The property is zoned COM by Escambia County and is currently under new ownership and management, promising a welcoming and professional environment. Multiple tenancy options are available, making it ideal for a variety of businesses. A new monument sign is forthcoming, further enhancing the property's curb appeal. Currently, four spaces are immediately available. This is an excellent opportunity for businesses seeking a modern, well-maintained space in a prime Pensacola location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,700,000
- 6.5%
- $1,710,000
- 7%
- $1,560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,840,000
- Geo Method
- $1,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,280,000
- Retail
- $1,475,000
- Mixed-Use
- $1,335,000
- Hospitality
- $1,620,000
- Educational
- $1,285,000
- Residential Income
- $1,445,000
- Energy
- $1,560,000
- Income-Based Land
- $1,640,000
- Food Service
- $1,570,000
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2816
- Latitude
- 30.4613
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
