Office Building
Office
for Sale
| Catylist Listing ID: |
30870729 |
| Building Size (RSF): |
2,280 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$365,000 |
| Unit Price: |
$160.09 PSF |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/3/2024 |
Overview / Comments
|
This well constructed two story building is currently leased as nine individual offices to several companies. The building history has enjoyed long term tenants for over 20 years. This building is located nearest the 12th Ave .entrance to Cordova Square. Each building in Cordova Square has 2 parking spaces designated for its use. The spaces are not conveyed with the building. The spaces are granted temporary use by the Board of Directors. There are also several designated areas throughout the complex for employee parking which is marked in red on attached map in the Document section of this listing. The roof was replaced in 2021. The Association dues are currently $395.00/ month. The Association dues are for the maintenance of all the common areas. Several pictures are attached of the courtyard and common areas. The building owners are responsible for all exterior building repairs. There are signage requirements within Cordova Square. Documents for Cordova Square may be found at www.cordovasquarebiz.com bottom of page Documents than select a printable document. Current lease expiration dates: 1 unit expiring May 31,2024 ; 2 units expiring June 30,2024; 4 units expiring July 31, 2024; and 2 units expiring Oct 31, 2024.
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Taxing Authority: |
City of Pensacola |
| Tax ID/APN: |
331S307800000021 |
| Zoning: |
C1 |
| Property Visibility: |
Good |
| Airports: |
PNS |
| Site Description: |
Cordova Square was developed under a PUD in 1984 with 58 individually owned buildings. There is an Owners' Association governed by a Board of Directors for all common areas in the complex. There is parking throughout the 8 acre complex; an amphitheater; shaded courtyard with ledge seating and electrical outlets, and common dumpster area . There are entrances to the complex from Bayou Blvd and 12th Ave. and an easy back entrance from Airport Blvd. |
| Area Description: |
Market area is Medical, Retail, Office, Colleges and Pensacola Airport. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1985 |
| Construction/Siding: |
Wood Siding |
| Exterior Description: |
The building design is part of an award winning Architectual design within the entire planned development. This building has tongue and groove wood, Custom windows, and a bricked entrance, making a unique custom look. |
| Parking Type: |
Surface |
| Zoning Description: |
C1 |
| Part of Planned Development?: |
Yes |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,302 |
72,666 |
142,488 |
| Median Age: |
41.02 |
39.22 |
38.31 |
| Households: |
3,105 |
29,684 |
59,263 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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