Catylist ID: #30209282
Ground Lease option at Michigan and Mobile Hwy
Vacant Land for Lease
|Catylist Listing ID:||30209282|
|Property Subtypes:||Hospitality, Office, Retail, Other|
|Gross Land Area:||0.80 Acres|
$0.95 PSF (Annual)
|Lease Types:||Ground Lease|
Overview / Comments
Large corner lot (NWC Michigan & Louisville Ave) with easy ingress and egress in very high traffic area (30,500) near the intersection of Michigan Ave and Mobile Hwy.
Property and building formerly operated as Garrett's Hamburgers then as a seafood restaurant.
The building is structurally sound but the roof currently has major leak issues.
The value of this property is primarily in the land.
The building is on septic, but sewer access is immediately available at the property line.
Owner will entertain a ground lease on property.
|Nearest MSA:||Pensacola-Ferry Pass-Brent|
|Taxing Authority:||Escambia County|
|Property Located Between:||Louisville Ave and Montgomery Ave|
|Legal Description:||Lengthy on file|
|Largest Nearby Street:||Mobile Hwy|
|Feet of Frontage:||234|
|Highway Access:||2 blocks from Mobile Hwy|
|Airports:||Pensacola International Airport|
|Site Description:||Nice corner lot on Michigan and Louisville Ave. .8 Acre Lot is level and cleared with the older restaurant building situated on the east end of the lot.|
|Area Description:||Growing with several new businesses recently built. The major intersection of Michigan and Mobile Hwy have Publix, KFC, Winn Dixie and McDonalds.|
|Easements Description:||Typical utilities|
|Available Utilities:||Electric, Water, Sewer, Cable|
|Proximity:||1 mile||3 miles||5 miles|
Glen D FielderEXIT Realty NFI - Pensacola Gulf Coast CMLS Member
Gary Watson, CCIMEXIT Realty NFI-Commercial Gulf Coast CMLS Member
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