3391 Pace BlvdPensacola, FL 32505

Property Details for 3391 Pace Blvd

Year built

1958

Construction

TYPE NOT SPECIFIED

Lot size

0.31 AC

Property size (Sq ft)

3,892 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Retail space

APN

09-2S-30-1100-000-110

APU

092S301100000110

Description

This recently renovated 3,840 square foot free-standing retail/office building on Pace Boulevard is available for lease. The single-tenant space boasts excellent visibility and accessibility, with ample parking and prominent pylon signage for optimal advertising. The interior features a flexible layout adaptable to various business needs, including multiple rooms and office configurations. Two restrooms are conveniently located within the building. Security features include a fenced rear and side yard, enhancing peace of mind for tenants. Two built-in safes provide additional security for valuable assets. The property's location on Pace Boulevard offers significant exposure to high traffic volume, with 13,900 vehicles passing daily. The entire building is currently vacant, presenting a unique opportunity for a business seeking a move-in ready space with high visibility and strong security features. The property's Assessed Parcel Number (APN) is 092S301100000110. This property is ideal for a variety of businesses seeking a well-maintained, secure, and highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $774,854

  6.5%

  $715,250

  7%

  $664,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $663,814

  Geo Method

  $697,239

• Alternative Use

  Use

  Valuation

  Residential

  $603,340

  Hospitality

  $552,656

  Educational

  $459,804

  Medical

  $475,617

  Retail

  $715,250

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4469

Longitude

-87.2401

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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