2,564 SF Retail Bldg-Cervantes @ Pace Blvd

Retail-Commercial for Sale
Catylist Listing ID: 30778610
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,564 SF
Gross Land Area: 0.28 Acres
Sale Price: $399,000
Unit Price: $155.62 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former Liquor Street
Usable Size (USF): 2,564 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

Next door (Across side street) to Walgreens.
Bldg is 2,564 SF
Lot is 138'x84'x150'x67' (0.28 Ac)
This whole neighborhood is changing (upgraded).

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia
Tax ID/APN: 000S009060009125
Zoning: C-1 (CITY)
Retail Clientele: General
Property Located Between: 1 Blk east of Pace Blvd on Cervantes
Property Visibility: Good
Largest Nearby Street: Fronts on Cervantes
Traffic/Vehicle Count: 18,900
Highway Access: Fronts on Cervantes (Hwy 90)
Airports: Pensacola International
Site Description: Corner lot. Building and paved parking
Area Description: Lots of retail
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,564 SF
Property Condition: Average
Year Built: 1964
Year Renovated: 1975
Roof Type: Flat
Construction/Siding: Block, Wood Frame
Exterior Description: Painted concrete block
Total Parking Spaces: 25
Parking Ratio: 9.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Needs renovation
Zoning Description: C-1 (City of Pensacola) Allows most retail uses.
Lot Frontage: 138
Lot Depth: 84
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: In File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,265 72,227 150,060
Median Age: 40.79 37.66 38.11
Households: 3,559 28,826 58,151


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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