$1.0M Price Reduction-1st Church of Nazarene

Special Purpose for Sale
Catylist Listing ID: 30388760
Property Subtypes: Assembly/Meeting Place, School/University
Building Size (RSF): 43,880 SF
Gross Land Area: 10.53 Acres
Sale Price: $2,995,000
Ceiling: 30 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 43,880 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2020

Overview / Comments

$1 Million price reduction!!!!!!! Includes $130,000 annual net income.

This is a very nice facility. Located on 10.5 acres this 43,880 SF church facility consisting of 3 buildings with an operating day care facility (Net income $130,000 / 2018).

Property has two points of ingress and egress allowing for easy access.

Constructed in 1986, the daycare facility (13,329 SF) has 15 classrooms, a small reception area, administrative office, kitchen area, a projection room, small stage and numerous restrooms. The exterior features a playground area that is fully fenced. Current daycare operation generates $130,000 Net Income (2018).

Constructed in 2007, the multi-purpose building is two stories (28,031 SF).

The ground floor is 17,670 SF that has a predominantly open area that serves as both the sanctuary & recreational area with a basketball court and includes a 'stage' area (See photos). Surrounding the center open area is offices and Sunday school class rooms as well as a fellowship hall with full commercial kitchen.

The seating capacity is for 550 utilizing folding chairs. The main lobby has two large restrooms and the secondary entrance has two small restrooms.

The pavilion servicing the ball field was built in 2000 (2,520 SF) and has 2 restrooms and is used as a meeting room with a concession area for the ball field.

The newer bldg has a fire suppressant sprinkler system.

The lot is 10.53 Ac (345' x 1,316' x 343' x 1,353')

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 02-1S-31-1101-000-001
Zoning: LDR
Property Located Between: I-10 and E. Kingsfield Rd.
Property Visibility: Excellent
Largest Nearby Street: Property fronts Pine Forest Rd
Feet of Frontage: 345
Traffic/Vehicle Count: 14,500
Highway Access: Property fronts Pine Forest Road
Airports: Pensacola International
Site Description: Excellent road frontage and exposure along Pine Forest Road with over 14,500 vehicles passing by daily. Level acreage. The design and layout of the property would allow conversion to a charter school or faith based school with room to build a sanctuary on the front portion of the property.
Area Description: Expanding residential area with nearby commercial development of Navy Federal Credit Union's home office and new middle school.
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 43,880 SF
Property Condition: Good
Year Built: 1986
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding, Wood Frame
Exterior Description: Brick exterior walls. Well maintained
Parking Ratio: 7 (per 1000 SF)
Parking Type: Surface
Parking Description: Guesstimate 300. Level, paved and stripped.
Sprinklers: Wet, None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Office area has 10' ceilings. Sanctuary has 30' ceiling. Daycare 8' ceilings. See photos
Zoning Description: LDR (Low Density Residential)-Allows churches/schools.
Lot Frontage: 345'
Lot Depth: 1,353'
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: 5,337 33,805 80,462
Median Age: 44.88 41.04 39.81
Households: 2,149 13,136 31,486


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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