9955 Mobile Hwy Pensacola, FL 32526
This exceptional 1,624-acre commercial land parcel, located at 9955 Mobile Highway in Pensacola, Florida (Escambia County, zip code 32526), presents a unique investment opportunity. Priced at $399,000, the property features a fee simple ownership and is zoned RMU, allowing for a variety of commercial uses. Currently, an existing duplex sits on the land, offering immediate income potential, although it requires renovations and a new roof. The property's strategic location offers convenient access to nearby amenities, including a Publix supermarket located approximately five minutes away at the intersection of 9 Mile Road and Beulah Road. The site's configuration is ideal for a mixed-use development, with the potential for a small business at the front and the duplexes at the rear. The property backs up to Western Way Drive. It's important to note that approximately 50% of the rear portion of the property has been identified as wetlands. This property is situated on the left side of Mobile Highway, just before entering Baldwin County, and is the third property before the Alabama state line. The APN is 111S321000000013. This versatile property offers significant potential for both immediate income and future development. The duplexes are permitted as a conditional use within the existing zoning.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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