Langley Avenue Investment Opportunity

Office for Sale
Catylist Listing ID: 30725240
Property Subtypes: Office Building
Building Size (RSF): 2,796 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $370,000
Unit Price: $132.33 PSF
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/21/2021

Overview / Comments

Well maintained office buildings for sale on Langley Avenue in the heart of
Pensacola. There are two separate buildings on two different parcels. Edward
Jones occupies 1,200 SF on a long-term lease in Building A and their lease expires on Feb 28, 2026. Building B & C is occupied by the owner and consists of approximately 1,396 SF and is on a one (1) year lease.

The owner operates his insurance business out of Building B & C. Once owner vacates, there is potential to raise the rents for Building B & C or divide the units into two separate units totaling 698 SF. Building B & C consists of 3 private offices, 1 kitchenette, and 1 reception area in each unit.

Each unit has their own separate meters for both water and power. There’s a
separate irrigation meter as well that is billed on the water bill for Building A. There is a total of three meters.

- New Roofs as of Feb 1, 2021 -
- 14 parking spaces
- Separately metered units.
- Fresh five (5) year lease with Edward Jones.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 101S296002006008 & 101S296002008008
Zoning: HDMU
Property Visibility: Good
Airports: PNS
Site Description: Two buildings located on two separate parcels.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1984
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 14
Heat Source: Heat Pump
Lot Frontage: 59'
Lot Depth: 211'
Legal Description: BEG AT SE COR OF ANTRIUMS S/D PB 12 P 24 N 6 DEG 52 MIN 51 SEC E ALG E LI OF SD S/D 68 58/100 FT N 0 DEG 11 MIN 25 SEC E ALG SD E LI 118 71/100 FT S 89 DEG 45 MIN 55 SEC E 45 FT S 0 DEG 11 MIN 25 SEC W 55 FT S 89 DEG 45 MIN 55 SEC E 4 FT S 0 DEG 11 MIN 25 SEC W 19 FT S 13 DEG 35 MIN 16 FT W 124 31/100 FT TO PT IN N LI N 73 DEG 41 MIN 35 SEC W ALG N LI 29 34/100 FT TO POB SEC 10/14 T 1S R 29 W OR 4242 P 42 BEG AT SE COR OF ATRIUMS PB 12 P 24 ALSO BEING N R/W LI LANGLEY AVE (80 FT R/W) S 73 DEG 41 MIN 35 SEC E ALG N LI 29 34/100 FT FOR POB CONT S 73 DEG 41 MIN 35 SEC E ALG N LI 29 34/100 FT N 16 DEG 18 MIN 25 SEC E 211 31/100 FT N 89 DEG 41 MIN 36 SEC W 20 FT N 89 DEG 45 MIN 55 SEC W 42 04/100 FT S 0 DEG 11 MIN 25 SEC W 55 FT S 89 DEG 45 MIN 55 SEC E 4 FT S 0 DEG 11 MIN 25 SEC W 19 FT S 13 DEG 35 MIN 16 SEC W 124 31/100 FT TO POB SEC 10/14 T 1S R 29W OR 4242 P 42

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,471 55,074 129,522
Median Age: 43.15 39.43 38.01
Households: 3,313 23,242 52,884

Contact

Photograph of Listing Agent

Thomas V McVoy

Beck Partners CRE, LLC Gulf Coast CMLS Member
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