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    FOR LEASE
    Community centers

    4469 Mobile Hwy, Pensacola, FL 32506

    27,045 SF 6.27 ac lot Built 1959
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-0312717
    Property summary
    AI-generated overview

    Paradise Square Shopping Center, located at 4469 Mobile Hwy, Pensacola, FL 32506, presents a unique investment opportunity in a high-traffic area. This single-story, 75,799 square foot shopping center boasts a prime location at the intersection of Mobile Highway and W Fairfield Drive, ensuring excellent visibility and accessibility. The property features a total of nine suites, with two currently available, ranging from 2,280 to 7,800 square feet. The minimum divisible space is 7,800 square feet. The center is comprised of a mix of retail and office spaces, suitable for traditional office use or medical office practices. Ample parking is provided with 536 spaces available for tenants and customers. Current tenants include established businesses such as Aaron's Rent to Own, Paradise Liquor, Paradise Bingo, Teen Challenge, and Walgreens, creating a strong and diverse tenant mix. This property offers a compelling opportunity for businesses seeking high visibility and a well-established location in a thriving Pensacola community. The property's strategic location on Mobile Highway ensures high traffic volume and exposure to a large customer base. The existing tenant roster demonstrates the center's appeal and potential for continued success. This is an exceptional opportunity to acquire a well-positioned commercial property in a desirable market.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1959
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 27,045 SF
    Lot 6.27 ac (273,121 SF)
    Zoning code COM
    APN 34-2S-30-0050-001-005
    UPID US18-0312717
    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
    Current use
    Occupant on record · Public records
    • Bingo Paradise Inc Bingo Hall
    • ATM Atm
    • William Scott Vipcare Mobile Hwy Physician
    • Florida Medical Lab Medical Laboratory
    • Dr. Edwin Roberts, A Chiropractic Tradition Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.98M
    Comparable Approach Comparable
    $6.32M
    Blend (final) Blend
    $6.47M
    Owner & transaction history
    Garciga Properties LLC · 4 yrs held
    Garciga Properties LLC
    since 2022
    Last sale
    $7.4M
    7 recorded transactions
    2022
    $7.4M
    2017
    2017
    2008
    $165,000
    1969
    1969
    1969
    Zoning & alternative use
    COM · Pensacola, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $8.5M +102.7%
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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