Michigan Ave Corner 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: 6/21/2024

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'

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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

Photograph of Listing Agent

Phil Sherrill

Beau Box Florida LLC Gulf Coast CMLS Member
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