Retail Investment

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30020581
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 3,085 SF
Gross Land Area: 1.44 Acres
Sale Price: $215,000
Unit Price: $69.69 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/28/2017

Overview / Comments

Property is located in a heavy traffic zone with lots of exposure.

3 of the 4 Units are occupied, as the Salon has moved out, which will allow a New Owner to occupy that unit immediately!

Property should be large enough to expand with another building? Will need to check with Escambia County etc.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 052S301001002027
Zoning: ID - 1
Retail Clientele: Business
Property Located Between: Corner of Fairfield & Palafox
Property Visibility: Excellent
Largest Nearby Street: Palafox
Feet of Frontage: 293
Highway Access: Less than 1 mile to highway access
Airports: Less than 2 miles to Pensacola Airport
Site Description: Building in good condition as well as parking lot.
Area Description: Business environment on all for corners of this intersection.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,100 SF
Property Condition: Good
Year Built: 1970
Year Renovated: 1990
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Free standing building on Busy Corner.Well maintained, in decent shape.
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Paved parking on 3 sides of building for all tenants to use effectively.
Heat Type: Electricity
Air Conditioning: Package Unit
Zoning Description: ID - 1 , Light Industrial. Presently use only as Retail commercial.
Lot Frontage: 293
Lot Depth: 242
Water Service: Municipal
Sewer Type: Municipal
Legal Description: S 191 FT OF LOT 27 OR 6502 P 857 OR 6536 P 1059 LESS PD 43 P 191....

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,493 80,274 163,904
Median Age: 35.8 37.85 38.5
Households: 3,000 31,664 66,791

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