Home Depot Anchored Ground Lease or Sale Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30819151
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Status: Proposed
Building Size (RSF): 70,144 SF
Gross Building Area: See Agent
Gross Land Area: 1.61 Acres
Sale Price: $1,650,000
Unit Price: $23.52 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 3/21/2023

Overview / Comments

Prime ground lease or sale opportunity in the core retail corridor of Pensacola, FL. Located directly in front of Home Depot, the +/-1.61 acre property is excellent for a variety of users. The property is zoned HC/LI (Heavy Commercial Light Industrial) and is along N Davis Hwy (29,000 VPD). Adjacent to the site is a West Marine, Discount Tires, Tidal Wave Auto Spa, and Raceway. Located in a highly sought-after area, it is within minutes of the retail trade area, Pensacola International Airport, Cordova Mall, Sacred Heart Hospital, local schools, and the new $636M Baptist Hospital. The +/-57 acre Baptist Hospital has become a huge economic driver in the area by creating thousands of jobs and investing in the local economy. There is easy access to I-110 (67,500 VPD) and I-10 (77,400 VPD) just 10 minutes from the site. Nearby national retailers include Publix, Target, Lowe’s, Dicks Sporting Goods, Hobby Lobby, Big Lots, Walmart, Winn Dixie, Dollar Tree, CVS, Walgreens, Starbucks, and many more.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 481S302110000003
Zoning: HC/LI
Retail Clientele: General, Business, Tourist, Other
Property Visibility: Excellent
Traffic/Vehicle Count: 29,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,741 74,698 175,667
Median Age: 32.73 37.41 38.6
Households: 3,257 29,614 72,090


Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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