Property profile

1616 Avery St Pensacola, FL 32501

OFF-MARKET
Retail properties & Spaces
Property ID
US18-3132267
7,274 SF 0.48 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Pensacola, Florida commercial property, located at 1616 W Avery St, 32501, presents a unique investment opportunity. The property consists of two buildings totaling 5,040 square feet, situated on two lots boasting significant frontage on Avery Street, Lakeview, and an unnamed street (L). Built in 1982 and extensively renovated in 1990 and 2016, the property features a two-story brick main building. The upper floor offers updated office space, ideal for creative businesses, while the ground floor provides ample industrial space. Significant improvements include updated electrical, plumbing, and air conditioning systems installed in 2016, ensuring modern functionality. A new metal roof was added in 2021, enhancing durability and longevity. Beyond the main building, the property includes a separate storage building and a two-story covered area offering additional storage capacity. This versatile property is perfect for a business seeking both office and industrial space, offering a blend of modern amenities and substantial storage solutions within a prime Pensacola location. The property's substantial frontage provides excellent visibility and accessibility. Asking price is $725,000.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,274 SF
Lot 0.48 ac (21,118 SF)
Zoning code HDMU
APN 30-2S-30-1001-001-048
UPID US18-3132267

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Land Surveyor Consultant

Location

1616 Avery St Pensacola, FL 32501-1810
Pensacola metro Census 1800 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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
$155k

Owner & transaction history

since 2025
Last sale
$163,000
3 recorded transactions
2025
Price N/A
2019
$100
2016
$163,000

Zoning & alternative use

HDMU · Pensacola, FL

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
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