Gaslight Square - Davis Hwy

Retail-Commercial for Sale
Catylist Listing ID: 30855840
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 7,230 SF
Sale Price: $959,000
Unit Price: $132.64 PSF
Property Use Type: Investment
Building Name: Gaslight Square
Usable Size (USF): 7,230 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 3/28/2024

Overview / Comments

Gaslight Square for sale. Investment opportuntiy at established office/retail site on Davis Hwy, located between Brent Lane and Airport Boulevard. Common parking with ample spaces. Close proximity to the new Baptist Hospital campus on Brent Lane. 2+/- contiguous acres recently purchased for medical development. Please call listing agent for additonal details, including rent roll. Execution of a non-disclosure agreement required.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County Tax Collector
Tax ID/APN: 481S307224002002
Zoning: COM
Retail Clientele: General
Property Located Between: Brent Lane and Airport Boulevard
Property Visibility: Excellent
Largest Nearby Street: Brent Lane
Highway Access: Davis Hwy
Airports: Pensacola International
Site Description: Office/retail center.
Area Description: Heavy office/retial in close proximity.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,230 SF
Property Condition: Average
Year Built: 1987
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block construction with brick facade.
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Common
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Commerical
Lot Frontage: 179
Lot Depth: 442
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Beegle Gulf Properties
Legal Description: In File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,704 74,869 171,213
Median Age: 33.53 37.42 38.34
Households: 3,858 29,808 70,086


Photograph of Listing Agent

Gerald McArthur, SIOR

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