Property profile

933 Michigan Ave Pensacola, FL 32505

OFF-MARKET
Mixed-use properties
Property ID
US18-8630485
0.19 ac lot
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Property summary

AI-generated overview

This exceptional Class A commercial property, located at 480 South Main Street in Historic Davidson, offers 25,507 square feet of immediately available executive office space. The building is currently fully vacant and divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 17,000 square feet, providing flexibility for various business needs. The property boasts a highly desirable location on Main Street, offering unparalleled convenience and visibility. Its prime position places it within easy walking distance of the Davidson Post Office, Davidson Elementary School, Town Hall, and branches of Fifth Third, Truist, and Wells Fargo banks. Numerous local restaurants and shops further enhance the area's appeal. Commuting is simplified by its proximity to Interstate 77 and the Lake Norman area. The building features ample on-site parking with 123 spaces, providing a generous parking ratio of 4.82 spaces per 1,000 square feet. The property is zoned Conditional, offering potential for a variety of uses. This is a rare opportunity to secure a first-class space in a thriving, historic community. Contact us today to learn more about leasing options and explore the possibilities this exceptional property presents.

Property profile

Verified
Property type Mixed-use properties
Lot 0.19 ac (8,276 SF)
UPID US18-8630485

Cap rate & NOI

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

Location

933 Michigan Ave 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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