Catylist ID:
#30831932
| 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: | 4/19/2024 |
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 |
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 |
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