85 Airport BlvdPensacola, FL 32503

Property Details for 85 Airport Blvd

Year built

2022

Construction

TYPE NOT SPECIFIED

Lot size

1.66 AC

Property size (Sq ft)

16,793 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Community centers

APN

47-1S-30-1101-000-072

APU

471S301101000072

Description

This exceptional Class-A retail and restaurant development, built in 2022, offers a unique leasing opportunity in Pensacola, Florida. The 17,000 square foot shopping center is situated on a 3-acre lot at the highly visible intersection of Palafox Street and Airport Boulevard, boasting over 32,000 cars daily. The property is zoned HC/LI and features two end-cap drive-thru spaces, along with multiple inline spaces ranging from a minimum of 729 square feet to a maximum contiguous space of 2,935 square feet. Currently, the entire 17,000 square feet is vacant, presenting a blank canvas for a variety of businesses. The center benefits from excellent signage opportunities and ample parking, ensuring high visibility and convenient access for customers. This location is ideal for retail, office, medical, or restaurant uses, capitalizing on its prime position within one of Florida's fastest-growing Metropolitan Statistical Areas. The property's APN is 471S301101002072 & 471S301101000072. Don't miss this chance to establish your business in a thriving, high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,343,300

  6.5%

  $3,086,123

  7%

  $2,865,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,864,189

  Geo Method

  $3,008,412

• Alternative Use

  Use

  Valuation

  Residential

  $2,603,260

  Hospitality

  $2,384,572

  Educational

  $1,983,936

  Medical

  $2,052,167

  Retail

  $3,086,123

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.475

Longitude

-87.2462

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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