Former Bus Station

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30814559
Property Subtypes: Free-Standing Building, Parking Facility, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 3,948 SF
Gross Land Area: 0.90 - 0.91 Acres
Sale Price: $490,500
Unit Price: $124.24 PSF
Property Use Type: Vacant/Owner-User
Building Name: Greyhound Bus Station
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2023

Overview / Comments

Now Available! This is the Greyhound Bus Station building located near the intersection of Hwy 29 (Pensacola Blvd) and Burgess Rd. Almost 4000 sf of conditioned space, with additional "under roof/canopy" space in the back, is situated on 0.9 acres of mostly paved land.

The building is traditional metal construction with a facade on the front that can be changed/updated for a new user. Inside, the public area is wide open with two ample sized restrooms. There are currently multiple offices, ticket counter, baggage handling area, etc.

The possibilities are almost endless for the future of this building. Although the station is closed, the bus line is still a tenant utilizing the parking lot only for pick-up and drop-off. They indicate that they are actively seeking a new location and will eventually cancel the current lease agreement.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County, FL
Tax ID/APN: 271S303101001008
Zoning: HC/LI
Retail Clientele: General, Business, Traveler, Other
Property Located Between: I-10 and Car City
Property Visibility: Good
Largest Nearby Street: Hwy 29 / Pensacola Blvd
Feet of Frontage: 170
Highway Access: Property is located just off of Hwy 29 near the I-10 interstate intersection.
Airports: PNS - Pensacola International Airport
Site Description: This is an existing building situated proportionately on a mostly paved 0.9 acre level lot.
Area Description: This area of town is known as "Car City". Neighboring businesses include new fast food restaurants, Cort Furnitiure, Northern Tools, and more.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1986
Roof Type: Other
Construction/Siding: Metal Siding
Exterior Description: Metal building with partial front facade of simulated stone and glass entry doors.
Parking Type: Surface
Parking Description: There are approximately 23 deliniated parking spaces plus additional asphalt surface area for additional parking or storage.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Public areas have solid surface flooring and are typical for a "bus station".
Zoning Description: HC/LI - Heavy Commercial, Light Industrial allows for a wide variety of uses. Consult with zoning authorities.
Lot Frontage: 170
Lot Depth: 230
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: There is a cross access easement to the property behind this location.
Land Ownership: Fee Simple
Legal Description: Lengthy - On File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,940 60,235 166,074
Median Age: 41.35 36.94 38.24
Households: 2,495 23,643 65,878


Photograph of Listing Agent

Michael Mangrum

Coldwell Banker Commercial Realty Gulf Coast CMLS Member
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