1/3 ACRE COMMERCIAL CORNER - 2401-2403 N E Street - Pensacola

Retail-Commercial for Sale
Also listed as Special Purpose, Multi-Family
Catylist Listing ID: 29827144
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 3,014 SF
Gross Building Area: See Agent
Gross Land Area: 0.35 Acres
Sale Price: $124,500
Unit Price: $41.31 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/1/2017

Overview / Comments

New Zoning regs are now in effect in Escambia County! This is the new "Commercial" zoning which allows for up to 25 units per acre and many commercial business uses including outside storage. Presently it has two structures, one concrete block and one an older wooden home. It's third acre size makes it very versatile for many uses. It's possible that the old home could be moved to another location and the block building could be built out into many great commercial uses or have a storage yard as part of it. You could also split the property into 2 parcels and operate two businesses or operate one and rent the other out. The possibilities are many and the new "comm" zoning may be in short supply in the near future with the growth in commercial that Escambia County is experiencing.
Escambia County has purchased the MacDonald shopping center at the corner of Fairfield & Pace Blvd. for the new Jail facility and Baptist Hospital is growing as well. Other commercial properties are starting to sell as the economy improves in Escambia County so get this one before it's too late!
Prospective buyer should confirm all information presented and if property will meet intended use. One additional bit of info - there appears to be a vacant public right of way on the north side of the property that runs from E Street to F street which could be utilized for access.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 18-2S-30-6000-110-034
Zoning: COMMERCIAL
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Jordan St.
Feet of Frontage: 108
Highway Access: Close to Major arteries - north to Texar Dr and south to Jordan Street to major arteries & I-10
Site Description: New Zoning regs are now in effect in Escambia County! This is the new "Commercial" zoning which allows for up to 25 units per acre and many business uses. Presently it has two structures, one concrete block and one an older wooden home. It's third acre size makes it very versatile for many uses. It's possible that the old home could be moved to another location and the block building could be built out into many great commercial uses. Or, split the property into 2 parcels and operate two businesses or operate one and rent the other out. The possibilities are many and the new "comm" zoning may be in short supply in the near future with the growth in commercial that Escambia County is experiencing. Prospective buyer should confirm all information presented and if property will meet intended use. One additional bit of info - there appears to be a vacant public right of way on the north side of the property that runs from E Street to F street which could be utilized for access. Due to age and condition of buildings this is an "As Is" sale.
Area Description: "E" Street between Jordan St. and Texar Drive has many established businesses and is a major artery to Baptist Hospital from the north with many cars per day. Close to Pace Blvd and the Town & Country Plaza area with the main Escambia County offices as well as Pensacola High School's football field just down the street this is an area that is now getting more attention. Good vacant commercial zoned property is getting harder & harder to find and this should be a good one.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Poor
Interior Description: The floors of both buildings are littered with much debris and there are dark areas so be careful when inspecting. The wood frame house was undergoing renovation at some point in the past.
Zoning Description: Previously zoned C-1, it has been given the zoning of Commercial, or "Comm", in the new Land Code that Escambia County enacted in April of 2015
Lot Frontage: 108
Lot Depth: 140
Legal Description: Lts 11 12 13 And E 18 Ft Of Lt 14 Blk 34 Englewood Heights Plat Db 59 P 107 Or 4437 P 1890 Or 4439 P 143

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,662 75,312 156,763
Median Age: 37.97 37.42 38.56
Households: 4,856 29,495 63,839

Contact

Photograph of Listing Agent

Warren Ted Brown

Real Estate Counselors, Inc. Gulf Coast CMLS Member
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