Downtown Investment Opportunity

Office for Sale
Catylist Listing ID: 30012213
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 19,309 SF
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $103.58 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Business
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

Now is your chance to purchase prime downtown office /retail space in Downtown Pensacola with bonus 2nd floor space. Originally built in 1944, renovated in 1971, 1980 and 2004. Seller shall retain rights to use parking field on designated days. Property includes:
*180 N Palafox St. (10,023 SF)
*186 N Palafox St. (6,432 SF)
*7 E Gregory St. (2,850 SF - 2 units)
BONUS SPACE: ,1,215 2nd fl. storage & 4,347 SF 2nd fl. above 180 N. Palafox with Balcony - untouched for many years but prime for re-development. Must see to appreciate, if only walls could talk!
For User: *180 N. Palafox: Vacant and ready for immediate occupancy - $17.50 PSF Gross 186 N. Palafox is currently leased to a government entity, two buildings on Gregory are leased (Mo.- Mo.)

Downtown Investment or User Opportunity!
Located off of N. Palafox and Gregory St.
180 N. Palafox Vacant (10,023 SF)
Sale includes 180, 186 N. Palafox, 7 E. Gregory St. & 9 E. Gregory
Over 19,000 SF - Excellent Parking in Private Lot

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 1307750001
Zoning: C-2A
Year Built: 1944
Year Renovated: 2001
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Total Parking Spaces: 60

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,837 47,198 121,848
Median Age: 39.96 39.58 37.8
Households: 3,552 19,846 46,860

Contact

Photograph of Listing Agent

Deborah J. Anglin, SIOR

Beck Partners CRE, LLC
Gulf Coast CMLS Member
Photograph of Listing Agent

Scott Jennings

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Brittnay Hammac

Beck Partners CRE, LLC Gulf Coast CMLS Member
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