2302 Town Street
Industrial
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30865912 |
| Property Subtypes: |
Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Research & Development, Self Storage, Truck Terminal, Warehouse/Distribution, Other
|
| Building Size (RSF): |
13,604 SF
|
| Gross Land Area: |
45,360 SF
|
| Sale Price: |
$990,000 |
| Unit Price: |
$72.77 PSF |
| Ceiling: |
22 ft. / 12 ft. Clear |
| Docks/Doors: |
1 Dock, 2 Doors |
| Office SF: |
3,604 SF |
| Drive In Bays: |
1 Bay |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Building Name: |
Technology Wire & Cable Warehouse |
| Usable Size (USF): |
45,360 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
10.9% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/7/2024 |
Overview / Comments
|
New 24awg Galvalum metal Roof with a 25 year warranty & gutters installed November 2023!!! 9380sft warehouse & 3720sft of office space in one building on 1 acre lot that is 280x162ft. Totally fenced lot. 2 drive through gates for easy truck entrance. 2 12ft over head doors. . One roll up overhead door on dock high loading & the other on ground level. Warehouse ceiling peeks at 30ft high allowing for alot of vertical stack ability in the warehouse. warehouse shelves available for sale also. 10.9% cap rate makes this listing a GREAT investment. Built in month to month renter that wouldn't mind staying and continue renting part of the office, warehouse, and side lot. 5k Solar system installed just need panels back on the new roof, buyer's choice. Solar conveys. Shatter proof tent on all windows and exterior glass doors. Office furniture, partitions, and warehouse shelving on premises are also for sale. Centrally located in SBA Qualified HUBZone making for great business opportunity with government and other entities.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$5,401 (Annual) |
| Tax Value Land |
$31,830 |
| Tax Value Improvements |
$329,362 |
| Assessed Value - Total($) |
$351,396 (Annual) |
| Potential Rental Income |
$84,000 (Annual) |
| Actual or Proforma Year |
Proforma |
Current Tenants
| Tenant Business Name |
Compass Solar |
| Is Renting? |
Yes |
| Annual Revenue |
$47,172 (Annual) |
| SF of Space Occupied |
3,264 SF |
| Current Rent |
$7 PSF (Annual) |
| Lease Expiration |
1/0031 |
| Options |
month to month now. |
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Taxing Authority: |
Escambia County |
| Tax ID/APN: |
092S301100001143 |
| Zoning: |
HC/LI |
| Property Located Between: |
W Fairfield Dr. & Herman Ave |
| Highway Access: |
Turn North of Fairfield onto Pace Blvd. Turn West on Town St. Cross Q St. 2302 Town Street will be the 2nd building on the right (north) after crossing Q St. It's a big white building. Enter from the side enterence. |
| Airports: |
4 miles to Pensacola Intl Airport |
| Site Description: |
This is 13600 sqft metal building. It is zoned for light industrial, wholesaleing, and commercial including retail. The area is mainly commercial. New drainage is being installed as of 3/30/2024 for this area. This is very centrally located in wholesaler row so trades are used to coming to this area to get supplies. This is located just 2 minutes from I110. This property has great semi truck access, turn through, and dock high loading. There is a .6 acre fenced in side yard that is perfect for parking, laydown yard, and semi drive trough with it's second double gate. The parking lot has a large drain with a 2 year old sub-pump that keeps drainage flowing. You can't beat this large warehouse with a totally brand new upgraded 24awg metal roof and new large box gutters. In this prime supplier location in the center of fast growing Pensacola, FL. Also this property is located in a SBA certified HUBZone area, so the occupant can recieve advantages when biding on federal and federal prime contractor jobs and bills of material if they meet the SBA guidelines. |
| Area Description: |
Surrounded by similar type warehouse, distributions and combination properties. 3 minutes to I-10. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
13,604 SF |
| Property Condition: |
Excellent |
| Year Built: |
1982 |
| Year Renovated: |
2008 |
| Roof Type: |
Other |
| Construction/Siding: |
Steel Frame |
| Exterior Description: |
Brick on bottom half of front and metal everywhere else. |
| Parking Type: |
Surface |
| Parking Description: |
approx. 30 parking spots available in front, west side, and along inside fence. More area available for parking as well. |
| Total Parking Spaces: |
30 |
| Eave Height: |
22 |
| Overhead Cranes: |
Undisclosed |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Lighting: |
LED, Fluorescent, Other |
| Internet Access: |
Cable, Gigabit |
| Interior Description: |
9280sf warehouse & 3840sf office Office space consists of 6 private offices and 8 offices formed from partition dividers. 1 of the private offices is a 20'x16' upstairs office with kitchenette and bathroom. The warehouse consists of a 7500sf ground level area that has 146' Lx12' H x 4' W shelving currently set up to provide mostly 3 shelves per 7ft sections that is also for sale. The ceilings are min 21' high in the ground level section of the warehouse. The dock high loading section of the warehouse is 47x40' (1880sft) 16ft ceilings with 12 roll up dock high door. There's a ramp from the dock high loading to the ground level section of the warehouse. There is a large exhaust fan in the warehouse. The new sky lights provide ample light in daytime. The new LED lights provide bright light when needed. The new roof is awesome! |
| Zoning Description: |
HC/LI Heavy Commercial and Light Industrial Sec. 3-2.11 |
| Lot Frontage: |
280 |
| Lot Depth: |
162 |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
| Easements Description: |
Power line in front of building along Town Street. Septic tank is behind the building on neighboring lot. Easment granted by owner behind to always allow access to septic tank. |
| Land Ownership: |
owned |
| Legal Description: |
Sly 162 Ft Of Lts 143 & 144 Hyer Place Pb 1 P 92 Or 7122 P 1469 Sec 8/9 T 2S R 30 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,438 |
86,071 |
173,350 |
| Median Age: |
38.08 |
37.63 |
38.45 |
| Households: |
2,672 |
33,876 |
70,533 |
|
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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.
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