Retail-Commercial for Sale
Catylist Listing ID: 30855373
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 4,488 SF
Sale Price: $229,000
Unit Price: $51.02 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/16/2024

Overview / Comments

Property is 1,122 SF office w/1,683 shop or warehouse and has 9' roll-up door.

Upstairs is 1,683 SF 3 BR apartment (currently leased) - additional income stream.

Property is one property west of Pace Blvd. and has plenty of parking.

New roof and lots updates after Hurricane Sally in 2020.

Property has chain-link fence enclosed storage areas on west side and north side.

Entire property is for sale but downstairs office/shop/warehouse is also available for lease.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 172S301200017027
Zoning: HC/LI
Retail Clientele: General, Family, Business, Other
Property Visibility: Good
Largest Nearby Street: West Lakeview Ave.
Highway Access: One property west of Pace Blvd., approx 6 blocks south of Fairfield, approx 6 blocks north of Cervantes St.
Airports: Pensacola International Airport; approx. 5 miles
Site Description: Property is situated between a large available parcel on the corner of Pace Blvd and Lakeview Ave. and a small available parcel on the corner of North P Street and Lakeview Ave,
Area Description: Area businesses include insurance office, retail stores, barber shop, auto storage lot and residential properties,
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,800 SF
Property Condition: Good
Year Built: 1958
Year Renovated: 2020
Roof Type: Hip
Construction/Siding: Stucco
Exterior Description: Exterior is a combination of block, stucco, and wood
Parking Type: Surface
Parking Description: Plenty of parking, not marked or designated
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable
Interior Description: Walls are typical
Land Ownership: Privately owned
Legal Description: LTS 17 18 & E 10 FT AND N 10 32/100 FT OF W 20 FT OF LT 19 & W 25 FT OF LT 16 BLK 27 HIGHLAND PARK ....

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,832 80,856 151,084
Median Age: 40.11 36.33 38.43
Households: 5,006 30,886 61,027


Photograph of Listing Agent

Don Cotton

ERA Old South Properties Gulf Coast CMLS Member
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