Two Unit Office in Pace

Office for Sale
Sale Pending
Catylist Listing ID: 30270273
Property Subtypes: Executive Suites, Medical, Office Building
Status: Pending
Building Size (RSF): 3,640 SF
Gross Land Area: 0.50 Acres
Sale Price: $420,000
Unit Price: $115.38 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/14/2018

Overview / Comments

Locate your office or business to the heart of the Five Points area in Pace.

This 3,640 square foot building has lots of possibilities. It is currently set up as two units. One side is a very nicely finished professional office with 2,240 square feet. The other side, with 1,400 square feet, is leased to a retail tenant. Tenant is in a month-to-month lease situation, so can stay or vacate, depending on new owner.

The office unit has a large reception area which leads to a central hallway with seven offices. There are four 16x14 offices, two of which have private restrooms. Additionally, there are three more offices that are 12x14, a handicapped restroom and a large break room.

The second unit is built out as a pharmacy, with retail up front, a counter, and a work area in back. This could easily be converted to another use if desired.

Lots of parking with 23 marked spaces in front and on the side of the building. Water retention is behind the building.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 31-2N-29-0000-00104-0000
Zoning: HCD
Property Located Between: Woodbine and Tunnel Road on Quintette
Property Visibility: Good
Parking Type: Surface
Parking Description: Ample parking with 23 spaces
Total Parking Spaces: 23
Zoning Description: HCD
Lot Frontage: 118
Lot Depth: 185
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,215 35,307
Median Age: 39.99 38.99
Households: 6,603 13,052
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