Catylist ID:
#30835394
Michigan Ave Retail with 5 Acres
Retail-Commercial
for Sale
| Catylist Listing ID: | 30835394 |
| Property Subtypes: | Day Care Facility, Free-Standing Building, Street Retail |
| Building Size (RSF): | 2,800 SF |
| Gross Land Area: | 4.92 SF |
| Sale Price: | $679,000 |
| Unit Price: | $242.50 PSF |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/22/2023 |
Overview / Comments
|
+/- 4.92 acres fronting Michigan Avenue and abutting Crescent Lake, Marcus Bayou's watershed. Features 2,800 SF building on SE Hard Corner of Michigan Ave and E Shore Drive. Mixed Use Zoning allows for a variety of commercial and residential concepts. Site is heavily trafficked with 35,500 cars/day. Surrounding Area is primarily residential with support commercial along Michigan Ave between W Street and Mobile Hwy retail nodes. New Construction Dollar General locating across Michigan Ave to the south. Please do not disturb Tenant. Contact Listing Agents for more information or to schedule a showing. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County |
| Tax ID/APN: | 441S303001001001 |
| Zoning: | HDMU; LDMU |
| Retail Clientele: | General |
| Property Located Between: | Mobile Hwy and N Palafox |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Mobile Hwy |
| Feet of Frontage: | 600 |
| Traffic/Vehicle Count: | 35,500 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Fair |
| Year Built: | 1988 |
| Zoning Description: | HDMU (Eastern Half); LDMU (Western Half) Allows for a variety of commercial and residential uses. |
| Lot Frontage: | 600' |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,597 | 77,286 | 166,798 |
| Median Age: | 34.9 | 36.67 | 37.31 |
| Households: | 4,003 | 28,903 | 66,658 |
Contact
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