Brownsville Investment

Special Purpose for Sale
Sale Pending/Contingent
Catylist Listing ID: 30667147
Status: Pending/Contingent
Building Size (RSF): 1,056 SF
Gross Land Area: 16,583 SF
Sale Price: $88,500
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 1,056 SF
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 1/11/2021

Overview / Comments

Investment potential in Brownsville. Property currently contains a single family home occupied by tenants with a month to month lease. Current lease rate is $700/mo. This property is zoned HC/LI (Heavy Commercial/Light Industrial) which opens up the possibility for multiple re-development scenarios and flexibility. The sale will also include an additional vacant parcel ID 000S009060023225 address 2916 West Gonzalez which gives you an additional 9,583 sq ft of land located just behind the home, plenty of area to build an additional home or to use as parking for a commercial space. The Brownsville Community is seeing a resurgence with recently developed Brownsville Manor a new over 65+ apartment complex located directly across the street. Call for more details.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009060021225
Zoning: HC/LI
Property Located Between: W Street and Gonzalez
Property Visibility: Fair
Largest Nearby Street: W Street
Feet of Frontage: 61
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1946
Construction/Siding: Vinyl Siding
Zoning Description: HC/LI
Lot Frontage: 61
Lot Depth: 115
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LTS 21 & 22 BLK 225 WEST KING TRACT LESS E 10 FT FOR W ST OR 5085 P 239 OR 5297 P 1055 CA 138 and FRAC LTS 1 TO 5 & LTS 23 & 24 BLK 225 WEST KING TRACT OR 5297 P 1055 CA 138

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,789 72,789 155,639
Median Age: 39.14 36.62 37.76
Households: 4,470 28,826 60,779

Contact

Photograph of Listing Agent

Renee Borden

Berkshire Hathaway Home Services Penfed Realty
Gulf Coast CMLS Member
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