1612 N Pace Boulevard Pensacola, FL 32505
- Community centers
- 31,504 SF
- 2.12 lot acres
Current Use by Public Records
- Grocery Advantage / Grocery Store
- Mr. Bubbles 24/7 Laundromat / Laundromat
- UNI Beauty Supply / Cosmetics Store / Wig Shop
Property Details for 1612 N Pace Boulevard
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.12 lot acres
- Property size
- 31,504 SF
- Zone code
- HC/LI
- Property type
- Community centers
- APN
- 30-2S-30-1001-001-037
- APU
- 302S301001001037
Description
This exceptional retail property, located at 1612 N Pace Boulevard in Pensacola, Florida, offers 10,000 square feet of recently renovated space within a larger 34,177 square foot building. The property sits on a 2.13-acre lot and features a single, one-story building with multiple tenancies. Currently, 10,000 square feet is available for lease, offering significant opportunity for expansion or new business ventures. The space is delivered in "white box" condition, allowing for complete customization to suit individual tenant needs. The property is zoned HC/LI, reflecting its suitability for commercial retail uses. The center boasts ample parking, ensuring convenient access for customers and employees. Its location on N Pace Boulevard provides excellent visibility and accessibility, benefiting from high daily traffic volume exceeding 18,500 vehicles. The property is anchored by Grocery Advantage, providing a strong draw for customers to the center. This is a rare opportunity to secure prime retail space in a high-traffic area of Pensacola, Escambia County, Florida (zip code 32505). The property's strategic location and ample space make it ideal for a variety of retail businesses seeking a prominent presence in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $630,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $875,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $750,000
- Geo Method
- $765,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,020,000
- Retail
- $815,000
- Mixed-Use
- $790,000
- Hospitality
- $1,050,000
- Educational
- $1,090,000
- Residential Income
- $1,020,000
- Energy
- $780,000
- Income-Based Land
- $965,000
- Food Service
- $940,000
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2401
- Latitude
- 30.4297
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA