1400 Barrancas AvePensacola, FL 32502

Property Details for 1400 Barrancas Ave

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

2,365 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

00-0S-00-9080-026-094

APU

000S009080026094

Description

This exceptional 1,925-square-foot retail space is ideally situated on Barrancas Avenue in a thriving downtown Escambia County neighborhood. The property boasts a single-tenant occupancy, offering a blank canvas for a new business or an established enterprise seeking a relocation opportunity. The entire 1,925 square feet is currently vacant, providing immediate access for a prospective tenant. The 0.21-acre lot is zoned C-2, allowing for a variety of commercial uses. The property's location is a key advantage, situated near other businesses and restaurants, ensuring high visibility and foot traffic. This translates to excellent potential for attracting customers. Furthermore, existing equipment is in place, representing a significant cost saving for the incoming tenant. The property's APN is 000S009080026094. This turnkey retail space presents a rare opportunity to establish a presence in a vibrant and growing commercial district. Its prime location, ample square footage, and existing equipment make it an attractive proposition for a variety of retail concepts, particularly restaurants. The property's C-2 zoning ensures flexibility for a range of commercial ventures. Don't miss this chance to secure a highly desirable retail location in a bustling downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $470,845

  6.5%

  $434,626

  7%

  $403,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $403,371

  Geo Method

  $423,682

• Alternative Use

  Use

  Valuation

  Residential

  $366,624

  Hospitality

  $335,825

  Educational

  $279,403

  Medical

  $289,012

  Retail

  $434,626

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4095

Longitude

-87.2327

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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