6650 Pine Forest RdPensacola, FL 32526

This exceptional commercial property in Pensacola, Florida, presents a compelling value-add investment opportunity. Located at 6650 Pine Forest Rd, Escambia County, this 0.55-acre lot (24,080 sq ft) features an 880-square-foot building, currently 100% occupied, boasting a strong NOI of $10,852 and a 12.06% cap rate. The pro-forma NOI is projected at $28,852, resulting in a significant 32.06% pro-forma cap rate. The single-story, 1944-built structure includes a lobby, bathroom, bedroom, and a large office space. The property is zoned COM/MDR, offering diverse development potential, including retail, car wash, office building, restaurant, medical facility, outdoor storage, self-storage, parking lot, and more. Utilities are connected (electric, water, sewer). The property benefits from high average daily traffic (AADT) of 18,400. Recent improvements include a new AC unit and a 5-7-year-old roof, indicating good condition. The parcel ID is 39-1S-31-1208-000-000. Owner financing is available with a purchase price of $210,000, a $90,000 down payment, and a $120,000 note with a 5-year balloon payment at 5% interest (amortized over 15 years). A 10% prepayment penalty applies. This property offers substantial upside potential for savvy investors.