1026 Nine Mile RdPensacola, FL 32534
- Land
- 3.51 AC
Property Details for 1026 Nine Mile Rd
- Year built
- 1958
- Lot size
- 3.51 AC
- Zone code
- HC/LI
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 09-1S-30-2101-090-006
- APU
- 091S302101090006
Description
This exceptional 3.53-acre commercial development site in Pensacola, Florida, presents a remarkable investment opportunity. Located at 1026 W 9 Mile Rd, Escambia County, 32534, this property boasts 220 feet of frontage along Nine Mile Road/Highway 90, between Bowman Avenue and Cove Avenue. The site benefits from high visibility and significant traffic counts (averaging 28,500 vehicles daily), situated in a rapidly expanding area of Pensacola. Its HC/LI zoning allows for a diverse range of uses, including retail, shopping centers, schools, medical facilities, offices, convenience stores, restaurants, apartments, single-family homes, churches, and motels. The property is high and dry, classified as Flood Zone X, indicating minimal flood risk, and no wetlands are present. Its strategic location near Highway 29, between Lowe's, Home Depot, and a new 240-unit apartment complex, further enhances its appeal and potential for significant return on investment. The asking price is $1,595,000, translating to $424,646 per acre. The APN is 091S302101090006. This is a rare opportunity to acquire a well-positioned, versatile development site in a thriving market.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $23,702,026
- Hospitality
- $21,710,928
- Educational
- $18,063,238
- Medical
- $18,684,460
- Retail
- $28,098,368
Location Insight
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Latitude
- 30.5348
- Longitude
- -87.2895
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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