1022 W 9 Mile Road Pensacola, FL 32534
This exceptional commercial property, located at 1022 W 9 Mile Road in Pensacola, Florida (zip code 32534), offers a compelling investment opportunity. The property encompasses approximately 0.72 acres of land, boasting 120 feet of frontage on West Nine Mile Road. This high-traffic location benefits from its proximity to major thoroughfares, including Pine Forest Road and Highway 29, and is conveniently situated just minutes from Interstate 10. The property currently features a 2,148 square-foot building, situated on a larger 3,719 square-foot lot. The current zoning is HC/LI. The area surrounding the property has experienced substantial growth in both commercial and residential sectors, making this a prime location for future development or expansion. The asking price is $600,000. This presents a unique chance to capitalize on the continued development and growth in this thriving Pensacola neighborhood. The property is currently occupied by a single-family residence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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