Retail Site at Cervantes and Pace Blvd

Retail-Commercial for Sale
Catylist Listing ID: 30861156
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 2,564 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 Acres
Sale Price: $329,000
Unit Price: $128.32 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2024

Overview / Comments

This property is a stand alone building located in Cervantes St and Pace Blvd with great visibility and plenty of parking in one of the up and coming areas of town.
National retails near by are CVS, Circle K and Walgreens next door.

Great Visibility
Ample Parking
Walk in Cooler
Fast Growing Area

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009060009125
Zoning: C-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: W Cervantes St and Pace Blvd
Property Visibility: Excellent
Largest Nearby Street: Cervantes
Feet of Frontage: 150
Traffic/Vehicle Count: 18,700
Highway Access: Cervantes (Hwy 90)
Airports: Pensacola International Airport |
Site Description: This property is a stand alone building located in Cervantes St and Pace Blvd with great visibility and plenty of parking in one of the up and coming areas of town. National retails near by are CVS, Circle K and Walgreens next door.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,564 SF
Property Condition: Average
Year Built: 1964
Roof Type: Flat
Construction/Siding: Block, Wood Frame
Exterior Description: Concrete Block
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Paved
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System, Window Unit
Internet Access: Cable
Interior Description: Interior will need renovations.
Zoning Description: The C-1 zoning district's regulations are intended to provide for conveniently supplying the immediate needs of the community where the types of services rendered and the commodities sold are those that are needed frequently. The C-1 zoning district is intended to provide a transitional buffer between mixed-use neighborhood commercial areas and more intense commercial zoning.
Lot Frontage: 138
Lot Depth: 84
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple
Legal Description: LTS 8 9 10 AND N 91 1/2 FT OF LT 11 BLK 125 WEST KING TRACT OR 7790 P 640 LESS STATE RD R/W CA 116

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,265 71,199 150,060
Median Age: 40.79 37.54 38.11
Households: 3,559 28,393 58,151

Contact

Photograph of Listing Agent

Mehdi Moeini

Bay City Realty LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Wendi Summers Sampson

Bay City Realty LLC Gulf Coast CMLS Member
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