Professional Office Space for Sale (Pensacola, FL)

Office for Sale
Catylist Listing ID: 30865989
Property Subtypes: Medical, Flex Space, Net Leased, Office Building, Other
Building Size (RSF): 1,413 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $349,900
Unit Price: $247.63 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Pensacola Birth & Maternity Center
Class of Space: Class B
Usable Size (USF): 1,413 SF
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 100
Last Updated: 4/17/2024

Overview / Comments

"Welcome to this versatile commercial property located at 2200 N Palaofox St in Pensacola, FL. Currently occupied by a midwife business with a 3-year lease with current tenant and a clause stating the new owner can occupy the property. You Get the best of both options! This property offers a 5% cap rate, providing immediate income and return on investment. Upon entering the lobby, you are greeted by a wide hallway that leads to 4 spacious rooms and a convenient kitchenette. The flexible layout of the space presents various possibilities, making it ideal for a doctor's office, dentist's office, or even a bail bond dispensary.

Strategically situated near downtown, Pensacola High School, and Baptist Hospital, this property enjoys a prime location with easy access to amenities and services.

With its current lease in place and its adaptability for diverse business ventures, this commercial property at 2200 N Palaofox St represents a compelling investment opportunity with a promising future."

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $2,622 (Annual)
Lender Name NA

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009010006129
Zoning: COMMERCIAL
Property Visibility: Excellent
Highway Access: Just Minutes from hwy 110
Airports: 12 minutes to Pensacola Airport
Site Description: Well maintained maintence free brick building with beautiful curb appeal. The front of the building offers front parking stalls for clients ease of entry to the property. The large front windows bring a large amount of natural light to the lobby.
Area Description: Close prximity to downtown in a high traffice business area
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,413 SF
Year Built: 1964
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Well maintained maintence free brick building with beautiful curb appeal. The front of the building offers front parking stalls for clients ease of entry to the property. The large front windows bring a large amount of natural light to the lobby.
Parking Ratio: 81 (per 1000 SF)
Parking Type: Surface
Parking Description: Front parking and some street parking
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Electricity, Hot Water
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System, Other
Internet Access: Cable
Interior Description: The natural light windoe filled entrance opens into a spacious lobby. The lobby then leads into the main hallway that connects all the rooms and flows into the kitchenette.
Zoning Description: Commercial
Lot Frontage: 50
Lot Depth: 100 feet
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: W 100 Ft Of Lt 6 And Of S 20 Ft Of Lt 7 Bel No Blk 129 Belmont Tract Or 8850 P 1363 Ca 81

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,326 69,569 143,596
Median Age: 40.13 38.26 38.47
Households: 4,144 27,650 58,296

Contact

Photograph of Listing Agent

Adam Maulick

ERA Old South Properties Gulf Coast CMLS Member
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