3620 Barrancas AvePensacola, FL 32507

Property Details for 3620 Barrancas Ave

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.78 AC

Property size (Sq ft)

8,220 SF

Zone code

COM

Property type

Retail properties

Property subtype

Community centers

APN

50-2S-30-5010-080-016

APU

502S305010080016

Description

This Pensacola, FL property, located at 3620 Barrancas Ave, zip code 32507, offers 8,220 square feet of commercial space in a single-story, 1952-built building situated on 1.78 acres. The property is zoned COMM and features a mix of retail and traditional office space within a neighborhood center setting. Currently, 4,020 square feet is available for lease, with two suites ranging from 900 to 1,560 square feet. The building boasts ample parking, a fully fenced rear area suitable for various uses (lay-down space, additional parking, or ground lease), and benefits from high visibility on Barrancas Avenue, a major commuter route. Its strategic location across from the Pensacola Country Club and surrounded by residential areas provides excellent access to a substantial customer base. The property's proximity to the Pensacola Naval Air Station and downtown Pensacola further enhances its appeal. The property's APN is 502S305010080016 and is part of the Ferry Pass submarket within the Pensacola-Ferry Pass-Brent cluster. This presents a unique opportunity for businesses seeking high-traffic exposure in a well-established neighborhood. The property's multiple tenancy structure offers flexibility for various business types.

• CAP approach

  CAP return

  Valuation

  6%

  $1,636,511

  6.5%

  $1,510,626

  7%

  $1,402,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,401,991

  Geo Method

  $1,472,587

• Alternative Use

  Use

  Valuation

  Residential

  $1,274,269

  Hospitality

  $1,167,224

  Educational

  $971,116

  Medical

  $1,004,515

  Retail

  $1,510,626

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.3924

Longitude

-87.2622

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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