Catylist ID:
#30819151
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 |
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 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
