Creighton Rd Income Property

Retail-Commercial for Sale
Catylist Listing ID: 30298538
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,400 SF
Gross Land Area: 38,400 SF
Sale Price: $495,000
Unit Price: $145.59 PSF
Ceiling: 8 ft.
Property Use Type: Investment
Building Name: None
Usable Size (USF): 3,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2019

Overview / Comments

LOCATION, LOCATION, LOCATION!! Situated between 9th Avenue and Davis Highway on Creighton Rd at the corner of Sanders Avenue. The property has 2 single story buildings. This is an opportunity for an owner to use part of the space and rent out to balance of the property allowing tenants to help buy the property. If the owner doesn't need office space it can be an income property with 5 or 6 tenants. The buildings are low maintenance with metal roofs. They have been well maintained. Most of the spaces are used for offices. The corner building has a privacy fenced area with a covered work space and storage. Part of the property is vacant and could be developed for additional income. The site would also lend itself to redevelopment.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 31-1S-30-1901-104-005
Zoning: COM
Retail Clientele: Business
Property Located Between: Marie and Sanders
Property Visibility: Excellent
Largest Nearby Street: Davis Highway
Feet of Frontage: 392
Traffic/Vehicle Count: 22,000
Highway Access: 3/4 mile from intersection of Creighton Rd and Davis Hwy
Airports: Pensacola International
Site Description: Level corner site, there are 5 lease spaces in 2 buildings, there is a privacy fenced area adjacent to the building at 1497 Creighton Rd.
Area Description: The site is between Davis Hwy and 9th Ave close to Davis Hwy. It is in an area of new development and redevelopment. It is less than 1 mile from Davis Hwy. There is an interchange with I-10 north of the Creighton/Davis intersection.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1959
Roof Type: Gable
Construction/Siding: Block, Brick, Vinyl Siding
Exterior Description: The building on the corner is CB with a vinyl veneer. The building at 1495 Creighton Rd has brick on 3 sides and vinyl on the back
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: The finishes range from fair to good
Zoning Description: Commercial
Lot Frontage: 200
Lot Depth: 192
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: The East 200 ft of the North 192 ft of the North 1/2 of Lot 'J' ABB Subdivision, being in the North 1/2 of Lot 5, Section 31, Township 1 South, Range 30 West, as per plat of said subdivision recorded in Plat Book 1, page 82, public records of Escambia County, Florida

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,616 64,325 146,979
Median Age: 34.75 37.82 38.13
Households: 3,056 27,060 59,520


Photograph of Listing Agent

Theo Baars

Connell & Company Realty, Inc.
Gulf Coast CMLS Member
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