Catylist ID:
#30325862
Join Hancock Bank & Jimmy John's - Pad Site Available - .77 Acres
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30325862 |
| Property Subtypes: | Free-Standing Building, Restaurant, Street Retail |
| Building Status: | Proposed |
| Building Size (RSF): | 5,400 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.77 Acres |
| Sale Price: | $849,000 |
| Unit Price: | $157.22 PSF |
| Has Drive-Thru? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | Pad Site Ready to Build Up to 5,400 SF |
| Sale Terms: | Cash to Seller, Build-to-Suit |
| Last Updated: | 4/20/2024 |
Overview / Comments
|
Phase I of the recently completed property redevelopment for Hancock Bank & Jimmy John's Gourmet Sandwiches includes master storm water retention, parking lot resurfacing/restriping, curbing, turn lanes, irrigation, landscaping, etc. Pad site ready to build up to 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap with Located in retail epicenter of one of Florida's fastest-growing communities Over 44,000 vehicles per day on a lighted corner of two major corridors Great ingress/egress plus abundant parking with current site plan showing 97 spaces (11 per 1,000 SF) Build-to-suit rates are negotiable depending on build-out requirements Pad available for sale for $849,000 or ground lease for $79,000/year This multi-tenant development is located on a 2.23 acre site at the lighted corner of Highway 90 and East Spencer Field Road in the retail epicenter of Pace, Florida, one of the state's most rapidly growing communities. Hancock Bank and Jimmy John's Gourmet Sandwiches occupy the existing building on the property. The site has 225 feet of frontage on Highway 90 with over 33,500 vehicles per day passing the site. The property also has 135 feet of frontage and direct access to East Spencer Field Road, which is a north-south corridor with 10,500 vehicles per day connecting the primary residential areas to the commercial and retail core of Highway 90. This section of Highway 90 is the primary shopping, dining, entertainment, and banking area of the community. Other businesses within a half a mile of the site include Target, Publix, Home Depot, Lowe's, TJ Maxx, PetSmart, Office Depot, Dollar Tree, Rent-A-Center, Ridge Cinema, Aspen Dental, GNC, Anytime Fitness, Regions Bank, Synovus Bank, Navy Federal Credit Union, Member's First Credit Union, GameStop, Mattress Firm, Advance Auto, Autozone, Winn Dixie, Hardee's, Pen Air Credit Union, Subway, Pizza Hut, Firehouse Subs, UPS Store, Batteries Plus, Murphy Express, Chili's, Baskin-Robbins, Village Inn, Papa Murphy's, Sweet Frog, Ruby Tuesday, Ryan's Buffet, Whataburger, Chick-Fil-A, Shane's Rib Shack, Waffle House, and Guthrie's. New developments in the immediate area include McDonald's, Starbucks, Kay Jeweler's, Panera Bread, Moe's, Santino's, Verizon, Five Guys, Panda Express, Jersey Mike's, Dick's Sporting Goods, and Ulta. Phase I of the project included a complete interior and exterior renovation to the existing building for Hancock Bank and Jimmy John's, ingress/egress improvements on both Highway 90 and East Spencer Field Road, storm water retention expansion, re-striping and re-sealing of the parking lot, all new landscaping, and a new pylon sign. The pad site has all infrastructure in place and is ready to build up to up to an additional 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap. Final lease rates for a build-to-suit are negotiable depending on build-out requirements, lease terms, and tenant's credit. The pad is also available for sale for $849,000 or ground lease for $79,000/year. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Tax ID/APN: | 11-1N-29-0000-03000-0000 |
| Retail Clientele: | General |
| Road Type: | Highway |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Highway 90 & East Spencer Field Road |
| Feet of Frontage: | 225 |
| Area Description: | This section of Highway 90 is the primary shopping, dining, entertainment, and banking area of the community. Other businesses within a half a mile of the site include Target, Publix, Home Depot, Lowe's, TJ Maxx, PetSmart, Office Depot, Dollar Tree, Rent-A-Center, Ridge Cinema, Aspen Dental, GNC, Anytime Fitness, Regions Bank, Synovus Bank, Navy Federal Credit Union, Member's First Credit Union, GameStop, Mattress Firm, Advance Auto, Autozone, Winn Dixie, Hardee's, Pen Air Credit Union, Subway, Pizza Hut, Firehouse Subs, UPS Store, Batteries Plus, Murphy Express, Chili's, Baskin-Robbins, Village Inn, Papa Murphy's, Sweet Frog, Ruby Tuesday, Ryan's Buffet, Whataburger, Chick-Fil-A, Shane's Rib Shack, Waffle House, and Guthrie's. New developments in the immediate area include McDonald's, Starbucks, Kay Jeweler's, Panera Bread, Moe's, Santino's, Verizon, Five Guys, Panda Express, Jersey Mike's, Dick's Sporting Goods, and Ulta. |
| Tenancy: | Multiple Tenants |
| Property Condition: | Excellent |
| Year Built: | 2017 |
| Total Parking Spaces: | 97 |
| Parking Ratio: | 11 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Recently re-striped and re-sealed |
| Lot Frontage: | 225 |
| Lot Depth: | 335 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Ingress/Egress |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,738 | 26,602 | 59,255 |
| Median Age: | 37.85 | 38.05 | 38.03 |
| Households: | 663 | 9,998 | 22,017 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
