Mixed-Use Retail and Residential Opportunity

Investment Overview

Located in Pensacola’s prestigious Aragon neighborhood, 45 S. 9th Avenue is a distinctive two-story mixed-use property offering approximately 4,510 square feet of commercial and residential space. Built in 2005, the standalone brick building combines strong architectural character, established income, and exceptional flexibility for an investor or future owner-user. The first floor is currently leased to R&R Restoration under a triple-net lease through February 2028, with renewal options. The professionally appointed space features approximately 12-foot ceilings, custom cabinetry, an expansive reception and work area, three semi-private offices, a conference room, dining and kitchen areas, a bar, two restrooms, and access to the rear of the property. Previously used as a salon studio, the space retains capped and readily accessible plumbing, providing adaptability for office, salon, wellness, medical-aesthetic, boutique retail, design, or professional service uses. The approximately 2,000-square-foot second-floor residence is configured with two bedrooms and two baths and is scheduled to become available at the end of July 2026. The residence features dramatic ceiling height, hardwood flooring, granite countertops, substantial cabinetry, arched transom windows, multiple French doors, balcony access, and abundant natural light. It has also previously operated as an Airbnb, offering potential for executive housing, furnished rental use, or an additional income stream, subject to applicable regulations. An elevator and separate stairwell provide access between floors, while the condominium structure may allow the property to be sold as a whole or by individual floor. Parking includes one designated space per floor, additional rear parking, front parking, and nearby street parking. Situated on approximately 0.0872 acres and zoned GRD-1, 45 S. 9th Avenue presents a rare opportunity to acquire a refined mixed-use asset in one of Downtown Pensacola’s most desirable neighborhoods.

Investment Highlights

• Located in Prestigious Aragon
• Income-Producing NNN Lease
• Lease Through February 2028
• Renewal Options in Place
• 12-Foot Ceilings
• Custom Cabinetry and Upscale Finishes
• Kitchen, Dining, and Bar Areas
• Two Restrooms- 1st Floor
• Former Salon Studio- 1st Floor
• Accessible Capped Plumbing- 1st Floor
• Adaptable for Office, Salon, Wellness, or Boutique Retail
• Separate Commercial and Residential Condominium Units
• Potential to Purchase as a Whole or by Floor
• 1,944 SF First-Floor Commercial Suite
• 1,960 SF Second-Floor Residence
• 12-Foot Ceilings on Both Levels
• Elevator and Separate Stairwell Access
• Two-Bedroom, Two-Bath Residential Layout- 2nd floor
• Multiple Balconies and French Doors- 2nd floor
• Former Airbnb Income History-2nd floor
• Custom Cabinetry and Upscale Finishes
• Rear Courtyard and Open Patio
• Rear, Front, and Street Parking
• Potential Space for a Future Garage
• Live-Work or Investment Opportunity