3960 Navy Blvd Pensacola, FL 32507
- Community centers
- 9,920 SF
- 5.14 lot acres
Current Use by Public Records
- Techflix Solutions / Software Company
- Armed Forces Automotive / Car Repair And Maintenance Service
- Salt Life Fitness / Physical Fitness Program
- Insight Pest Solutions / Pest Control Service
- Vaping the coast llc / Vaporizer Store / Smoke Shop
Property Details for 3960 Navy Blvd
- Year built
- 1984
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 5.14 lot acres
- Property size
- 9,920 SF
- Zone code
- COM
- Property type
- Community centers
- APN
- 38-2S-30-1000-010-006
- APU
- 382S301000010006
Description
Invest in Navy Park Plaza, a thriving 61,240-square-foot mixed-use center in Pensacola's rapidly growing West side. This fully developed, single-story property boasts a diverse tenant mix of established local and national businesses, ensuring strong occupancy and rental income. Located on Navy Boulevard and Chiefs Way, the property benefits from high visibility and traffic counts exceeding 23,500 cars per day (2023 data). Recent, extensive renovations (2023) include interior and exterior updates, fresh paint, a resurfaced parking lot, and updated landscaping, creating a modern and attractive environment for tenants and customers. The 5.13-acre site features 200 parking spaces, six drive-ins, and 782 feet of frontage, providing ample access and convenience. Available spaces include turn-key offices, white-boxed inline units, and expansive open-concept suites, catering to a variety of business needs. The property's zoning (COM) allows for flexibility and future expansion opportunities. The 17-foot ceiling height in the warehouse space adds to its versatility. This professionally managed property offers a compelling investment opportunity in a high-growth area with established commercial infrastructure and a strong tenant base. The property's location on a major travel corridor to the downtown business and retail core ensures continued high traffic and visibility. Updated pylon and building signage enhances the property's presence and appeal. The property's APN is 382S301000010006. Currently, 10,110 square feet of space is vacant.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,985,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,975,000
- 6.5%
- $1,825,000
- 7%
- $1,695,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,318,000
- AI Estimate
- $2,318,000
Market price range: $698k - $2.32MMarket price range: $698k - $2.32M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $3,100,000
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Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.273
- Latitude
- 30.4085
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
