Income Producing Property
Retail-Commercial
for Sale
| Catylist Listing ID: |
30450280 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail
|
| Building Size (RSF): |
3,132 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.64 Acres
|
| Sale Price: |
$495,000 |
| Unit Price: |
$158.05 PSF |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/15/2020 |
Overview / Comments
3.64 ± acre site improved with a 1,620 SF retail building, a 1,512 SF house, and two manufactured homes bringing in a total income of $2,700.00 per month. The property is located in a great area for rental properties within a mature neighborhood known as Scenic Heights.
Surrounding land uses are dominated by both multifamily and single family residential with supporting uses ranging from a neighborhood pub (O’Reilly’s), an office/warehouse park, retail uses to schools and churches. The property has roughly 294’ along Creighton Road, a 9,300 AADT count, two lane paved roadway with a bike lane and 438.53’ along Woodchuck Avenue, a two‐lane paved secondary roadway.
The property is currently being used as a hair salon within the retail building and single family residential within the three other structures. Current leases are month to month and could easily be increased in the future. There are also two additional established mobile home lots on the subject property.
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Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Tax ID/APN: |
091S293001002008 |
| Zoning: |
MDR & HC/LI WITH FLU OF MU‐U |
| Retail Clientele: |
General |
| Property Located Between: |
Creighton Road and Woodchuck Avenue |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Creighton Road |
| Feet of Frontage: |
294 |
| Traffic/Vehicle Count: |
9,300 |
| Highway Access: |
Less than 5 miles to access I-10 |
| Airports: |
Pensacola International Airport |
| Site Description: |
BEG AT NW COR OF SEC 9 S 13 DEG 16 MIN E 1906 2/10 FT S 64 DEG E 1407 FT TO POB CONTINUE S 64 DEG E 387 FT N... |
| Area Description: |
Beg At Nw Cor Of Sec 9 S 13 Deg 16 Min E 1906 2/10 Ft S 64 Deg E 1407 Ft To Pob Continue S 64 Deg E 387 Ft N 26 Deg E 438 53/100 Ft N 64 Deg W 387 Ft S 26 Deg W 438 53/100 Ft To Pob Plat Db 59 P 380 Or 6909 P 795 Or 6915 P 1254 Or 7050 P 524 Or 7300 P 235 Or 7300 P 237 Or 7300 P 239 Or 7300 P 241 Less Or 2157 P 260 Junior Food Stores |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,500 SF |
| Property Condition: |
Fair |
| Year Built: |
1957 |
| Year Renovated: |
1970 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick, Concrete |
| Exterior Description: |
Building 1:
EXTERIOR WALL-VINYL SIDING
Building 2:
EXTERIOR WALL-BRICK-FACE/VENEER
EXTERIOR WALL-CONCRETE BLOCK |
| Parking Type: |
Surface |
| Zoning Description: |
The property is located within a Heavy Commercial/Light Industrial (HC/LI) zoning district with a sliver of land within a Medium Density Residential district (MDR). |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,684 |
41,700 |
102,416 |
| Median Age: |
40.42 |
40.57 |
38.55 |
| Households: |
6,143 |
19,043 |
41,902 |
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