Corner Retail Property Available

Retail-Commercial for Sale
Catylist Listing ID: 30320099
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Other
Building Size (RSF): 32,946 SF
Gross Land Area: 1.37 Acres
Sale Price: $2,500,000
Unit Price: $75.88 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/1/2018

Overview / Comments

This amazing retail corner opportunity includes 3 existing retail buildings on 1.37 AC. (1) 31 W Nine Mile Rd: a 4,386 SF free standing restaurant building with current lease in place. (2) 41 W Nine Mile Rd: a 5,760 SF free standing retail building with current lease in place. (3) 9326 N Pensacola Blvd: a 22,800 SF existing retail building currently operating as a hardware store.

Current road construction to Pensacola Blvd (Hwy 29) will improve access and visibility. Nine Mile Rd has become a major thoroughfare connecting the World Headquarters of Navy Federal Credit Union on the West to the University of West Florida on the East. Each employing between 10,000 and 11,000 people in the market and have spurred current and future development on the Nine Mile Corridor. Pensacola Blvd (Hwy 29) is the major North South connector from Pensacola into Alabama and Interstate 65 running up to Chicago and other major cities in between. Access to I-10 is only 3.25 miles to the West on Nine Mile Rd & 1.75 miles to the South on Pensacola Blvd (Hwy 29).

Also for sale is 9320 Pensacola Blvd: a 0.24 AC directly adjacent parcel to the south including a 6,000 SF warehouse building. Listed Separately for $450,000. Owners would like to sell parcels together. Neighboring shopping center to the east is also for sale with different broker for unrelated owner.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 111S301101003370
Zoning: HC/LI
Retail Clientele: General, Family, Business, Tourist, Other
Property Visibility: Excellent
Largest Nearby Street: Nine Mile Road
Traffic/Vehicle Count: 37,000
Highway Access: Nine Mile Rd Pensacola Blvd N. Palafox ST
Site Description: 3 Retail Buildings at the SE Corner of W Nine Mile Rd and Pensacola Blvd
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Year Built: 1998
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Asphalt

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,783 48,573 105,665
Median Age: 37.14 38.96 38.04
Households: 1,138 19,998 41,602

Contact

Photograph of Listing Agent

Rick Locchead

Beck Partners CRE, LLC Gulf Coast CMLS Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.