Catylist ID:
#30851847
2,000 SF Retail Bldg -1734 Creighton Rd
Retail-Commercial
for Sale
| Catylist Listing ID: | 30851847 |
| Property Subtypes: | Free-Standing Building |
| Building Size (RSF): | 2,000 SF |
| Gross Land Area: | 0.67 Acres |
| Sale Price: | $399,000 |
| Unit Price: | $199.50 PSF |
| Property Use Type: | Investment |
| Building Name: | 1734 Creighton |
| Usable Size (USF): | 2,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 4.7% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 5/6/2024 |
Overview / Comments
|
2,000 SF retail bldg. Leased through Feb. 2025 (with 3 1 yr options). Please do not disturb tenant! Sale does not include the cell tower in rear. There is an access easement through parking lot to tower. Current rent is below market (done in the midst of Covid) Located just west of Lanier Ave on Creighton (North side). |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia Co |
| Tax ID/APN: | 31-1S-30-1901-014-003 |
| Zoning: | C-3 |
| Retail Clientele: | General |
| Property Located Between: | 9th Ave and Davis |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Fronts on Creighton |
| Feet of Frontage: | 105 |
| Traffic/Vehicle Count: | 23,000 |
| Highway Access: | Fronts on Creighton Rd....5 Minutes from I-10 / I110 ramp. |
| Airports: | Pensacola International |
| Site Description: | Level |
| Area Description: | Commercial uses along Creighton.....Medical / retail |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 2,000 SF |
| Property Condition: | Good |
| Year Built: | 1981 |
| Year Renovated: | 2021 |
| Roof Type: | Gable |
| Construction/Siding: | Metal Siding, Steel Frame |
| Exterior Description: | Typical metal bldg |
| Total Parking Spaces: | 15 |
| Parking Ratio: | 7.5 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Gravel |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Interior Description: | Remodeled in 2021 by current tenant |
| Zoning Description: | C-3 (City of Pensacola zoning allows most commercial uses) |
| Lot Frontage: | 105 |
| Lot Depth: | 302 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
| Land Ownership: | Fee Simple |
| Legal Description: | In File |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,350 | 62,235 | 143,308 |
| Median Age: | 36.37 | 37.91 | 38.08 |
| Households: | 4,315 | 26,253 | 57,985 |
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