Income Producing Automotive Service Center for Sale

Special Purpose for Sale
Catylist Listing ID: 30523816
Building Size (RSF): 2,400 SF
Gross Land Area: 0.52 Acres
Sale Price: $339,000
Property Use Type: Investment
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2021

Overview / Comments

Incoming producing automotive service center located on Michigan Avenue in Pensacola, Florida. This recently remodeled, free-standing facilty offers four service bays, oil change pit, customer waiting area, service manager office, used oil reservior, aircompressor and fenced storage/laydown yard. New interior and exterior paint, flooring, HVAC, hot water heater, re-sealed and striped parking lot. Satisfactory Phase I & Phase II environmental assessment performed in 2019. Currently tenant under three (3) year lease at 9% cap rate.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County Tax Collector
Tax ID/APN: 431S301101005001
Property Located Between: Gulf South Manor and Providence Loop
Property Visibility: Excellent
Largest Nearby Street: Gulf South Manor
Highway Access: Michigan Avenue
Airports: Pensacola International
Site Description: Automotive Service Center
Area Description: Retail Commercial/Residential
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Excellent
Year Built: 1987
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Aluminum Siding
Parking Type: Surface
Parking Description: Private asphalt parking lot
Sprinklers: None
Heat Type: Electricity, Suspended Radiant Heaters
Heat Source: Central, Radiant
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 114'
Lot Depth: 200'
Water Service: Municipal
Sewer Type: Septic
Easements Description: Michigan Pensacola, LLC
Land Ownership: Michigan Pensacola, LLC
Legal Description: In File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,228 76,875 163,595
Median Age: 38.58 36.53 37.1
Households: 2,934 28,450 64,994


Photograph of Listing Agent

Gerald McArthur, SIOR

Gerald McArthur, Gulf Coast Real Estate Advisors, LLC
Gulf Coast CMLS Member
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