Property profile

701 Beverly Parkway Pensacola, FL 32505

FOR SALE
Land
Property ID
US19-0601214
0.48 ac lot
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701 Beverly Parkway, Pensacola, FL 32505 For Sale
$325,000
701 Beverly Parkway, Pensacola, FL 32505
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Property summary

AI-generated overview

This exceptional 0.48-acre commercial land parcel, located at 701 Beverly Pkwy, Pensacola, FL 32505 (APN: 461S301100018011), presents a prime redevelopment opportunity. Zoned HCLI, this property boasts 276 feet of frontage on Beverly Parkway, a major thoroughfare with a daily traffic count of 33,500 vehicles in 2023. Its strategic corner location at the intersection of Beverly Parkway and Burlington Avenue offers excellent visibility and accessibility. The site benefits from proximity to a lighted intersection with an additional 60,000 CPD on W Street and Beverly Pkwy, and easy access to Burlington Avenue via a median turn. Currently, an 899 square foot standalone building is on the site, previously used as a car dealership sales office. This property is ideally situated near the thriving Cordova Business District, Pensacola State College, Ascension Sacred Heart Hospital, HCA Hospital, and less than two miles from the new $650 million Baptist Hospital. Its location within the bustling Car City area, surrounded by new and used car dealerships, automotive aftermarket retailers, and various service-oriented businesses, ensures high traffic and strong potential for a variety of commercial uses. The asking price for this exceptional property is $325,000.

Property profile

Verified
Property type Land
Lot 0.48 ac (20,909 SF)
UPID US19-0601214

Cap rate & NOI

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

Location

701 Beverly Parkway Pensacola, FL 32505
Pensacola metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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More about this property
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