Signalized Corner Flex Building

Retail-Commercial for Sale
Catylist Listing ID: 30831932
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 20,759 SF
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $96.34 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/13/2024

Overview / Comments

Beck Partners is pleased to present for sale 3500 N Palafox St. This property is strategically located at the signalized corner of Palafox St & Fairfield Dr, only 2 blocks from I-110, providing quick and easy freeway access. It sees a combined average annual daily traffic count of over 50,000 according to FDOT. Located an hour east of Mobile, a little less than three hours west of Tallahassee, and just seven miles south of I-10. The subject property shall consist of two, freestanding buildings. 3500 N Palafox St is roughly 18,000 SF of flex space includes a large showroom & offices as well as 8,800 SF of warehouse/distribution space, with two grade level roll up doors. 3590 N Palafox St also consists of 3,200 SF of warehouse space with four grade level roll up doors.

The anchor tenant is paying below market rent, with no option to renew. This presents an opportunity to enhance the property's value by securing a long-term lease either through renewal, or long term lease up with a new tenant.

Seller willing to owner finance
50,000 AADT
Quick & Easy Access to I-110 and I-10
Centrally & Strategically Located

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 052S301001005001
Zoning: HC/LI

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,493 80,274 165,312
Median Age: 35.8 37.85 38.56
Households: 3,000 31,664 67,501


Photograph of Listing Agent

Kylle Shoemaker

Beck Partners, CRE LLC
Gulf Coast CMLS Member
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