Marcus & Millichap is pleased to present 4500 Mobile Highway in Pensacola, Florida (the “Property”), a 19,754 square foot vacant free-standing building on 1.5 prime acres at the signalized hard corner of Mobile Highway and West Fairfield Drive. Formerly occupied by American Freight Discount Furniture and Mattress for 10+ years, the property is offered significantly below replacement cost and offers an exceptional opportunity for an owner/user or investor to acquire an asset with significant value enhancement potential at a substantial discount. The Property offers tremendous visibility with high daily traffic counts on both W. Fairfield Drive (25,868 VPD) and Mobile Highway (39,582 VPD0). The other three corners of the intersection are occupied by Home Depot, Walgreen’s and Lowe’s Home Improvement/Burger King. The Property is ideally situated in a major retail corridor that include nationally recognized operators such as Walmart Supercenter, Advance Auto Parts, Chili’s, Waffle House, Dollar General, Wells Fargo, PNC Bank, Church’s and many more. The Property has liberal C-1 commercial zoning that allows for retail and general commercial land use. Pensacola is located in the Florida panhandle in Escambia County with over 550,000 residents and is known for its stunning white beaches, rich military history, vibrant arts and downtown scene, delicious coastal cuisine and home to the Navy-Blue Angels flight demonstration squadron. The Property has easy access to Interstate 10 and is within close proximity to The Pensacola Naval Air Station which alone employs over 23,000 staff and is home to over 60,000 students that pass through its training program annually. Households within a 5-mile radius exceed 54,000 homes and an average household income above $67,000.