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3480 Barrancas Ave

1,631 SF Retail Building Pensacola, FL 32507 $299,000 ($183/SF)

Investment Highlights

  • MEDICAL MARIJUANA DISPENSARY LOCATION - Approved by Escambia County Florida.
  • Corner Lot
  • Commercial or Residential - Zoned Commercial with MU-U / Multi use
  • 2 Lots, existing building and Buildable lot, separate addresses and sewer hook ups.
  • Traffic Count 26,500 Cars Per Day
  • LED Color Programmable Monument Sign and Reader Board with High Visibility

Executive Summary

MEDICAL MARIJUANA DISPENSARY LOCATION - This location is approved for a Medical Marijuana Dispensing location and has plenty of room to add a drive thru window for ease of access.
This property can be converted to Residential, remain Commercial or a combination of Residential and Commercial due to the current Commercial zoning and future land use of MU-U / Multi use.
1631 Square Ft. Building on 2 lots with a total of .377 of an Acre on a corner lot zoned Commercial / Multi use. With MU-U Mixed Use Urban future land use Escambia County would like to see Residential upstairs and Commercial downstairs with new construction. The property could also be turned into a nice residential property close to downtown Pensacola and the Naval Air Station NAS home of the Blue Angels. The property has been a rental for the last 10 years or more. The building has been painted recently and an 8' privacy fence has been built around the extra buildable lot. The roof is approximately 4 years old and the LED Programmable Sign and LED Reader Board section of the sign we replaced around 3 years ago. The water heater is around 5 years old. The Bathroom has a toilet and shower.
Below I have added a portion of the permitted uses from the Escambia County Zoning Dept.

Personal services, including those of beauty shops, health clubs, pet groomers, drycleaners and tattoo parlors.
Professional services, including those of realtors, bankers, accountants, engineers, architects, dentists, physicians, and attorneys.
Repair services, including appliance repair, furniture refinishing and upholstery, watch an jewelry repair, small engine and motor services, but excluding major motor vehicle or boat service or repair, and outdoor work.
Restaurants and brewpubs, including on-premises consumption of alcoholic beverages, drive-in and drive-through service, and brewpubs with the distribution of on-premises produced alcoholic beverages for off-site sales. The parcel boundary of any restaurant or brewpub with drive-in or drive-through service shall be at least 200 feet from any LDR or MDR zoning district unless separated by a 50-foot or wider street right-of-way.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,631 SF
Building Class
C
Year Built/Renovated
1948/2004
Price
$299,000
Price Per SF
$183
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.40 AC
Zoning
C-1 - MEDICAL MARIJUANA DISPENSARY LOCATION - This location is approved for a Medical Marijuana Dispensing location and has room to add a drive thru.
Parking
7 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
150 FT on Barrancas Ave

Amenities

  • Corner Lot
  • Fenced Lot
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50-2S-30-5012-004-028
Land Assessment
$24,150
Improvements Assessment
$93,394
Total Assessment
$117,544
  • Listing ID: 32593936

  • Date on Market: 7/26/2024

  • Last Updated:

  • Address: 3480 Barrancas Ave, Pensacola, FL 32507

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