Storefront + Warehouse + Apt

Retail-Commercial for Sale
Catylist Listing ID: 30380976
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 1,644 SF
Gross Building Area: 1,708 SF
Gross Land Area: 0.42 Acres
Sale Price: $175,000
Unit Price: $106.45 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: TK Oriental Store
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/19/2019

Overview / Comments

This property features a stand alone retail store with warehouse space for storing supplies. A one bedroom detached apartment is small but can be used for owner(s) or leased separately.

The Owner is retired and is very motivated. Bring a reasonable offer!

Great visibility on N Palafox St. and good visibility from East bound traffic on Airport Blvd.
Paved Parking Ratio 2.5; Gravel Parking area provides space for an additional 10 +/-
Air Conditioning is missing but will be replaced at Seller's expense upon completed sale.

**Owner Financing Available with approx. 20% down.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 351S309002002007
Zoning: HC/LI
Retail Clientele: Family, Business
Property Located Between: Hwy 29 and Old Palafox Street
Property Visibility: Excellent
Largest Nearby Street: Airport Blvd.
Feet of Frontage: 88
Traffic/Vehicle Count: 13,900
Highway Access: Interstate 110 - 1 Mile Highway 29 - 1/4 Mile
Airports: Pensacola International Airport - 3 Miles
Site Description: -Located 300 ft South of lighted intersection -Signage visible to East bound Airport Blvd traffic. -13,900 Daily Traffic on N. Palafox and 17,600 on Airport Blvd (TDOT 2015) -Four parking spaces in front; gravel drive leads to additional parking for approx 10 additional vehicles. -
Area Description: Area is a designated commercial district with residential homes and a college nearby. Strong demographics show 63,750 population within 3 miles and median household income of $39,275.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1960
Roof Type: Gable
Construction/Siding: Block, Brick
Exterior Description: Brick Building
Total Parking Spaces: 20
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: 4 spaces in front Additional 10 +/- spaces on gravel behind store.
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Update recommended.
Zoning Description: Heavy Commercial / Light Industrial
Lot Frontage: 88
Lot Depth: 208
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: BEG AT NW COR OF LT 7 S 109 49/100 FT FOR BEG E 20 3 35/100 FT S 88 FT W 212 57/100 FT N 88 47/100 FT TO BEG S/D PLAT DB 83 P 174 OR 3418 P 956

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,333 75,979 189,293
Median Age: 31.77 36.91 38.37
Households: 2,069 29,258 77,490


Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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