Income Producing Property For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30450280
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending
Building Size (RSF): 3,132 SF
Gross Building Area: See Agent
Gross Land Area: 3.64 Acres
Sale Price: $458,000
Unit Price: $146.23 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2021

Overview / Comments

3.64 ± acre site improved with the demolition of the 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.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 091S293001002008
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
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).

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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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