Former Tires Plus

Retail-Commercial for Sale
Catylist Listing ID: 30442633
Property Subtypes: Vehicle Related
Building Size (RSF): 5,472 SF
Gross Building Area: See Agent
Gross Land Area: 0.64 Acres
Sale Price: $525,000
Unit Price: $95.94 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/23/2020

Overview / Comments

Located at the crossroads of the two Pensacola major Highways, Pensacola Blvd/Hwy 29 and 9 Mile Road is this former Tire Plus retail. On .64 Acres, this property is positioned at the base of highway on-ramp with immediate access to highway 29. Florida Dept. Transportation is completing major highway improvement plan that will further promote current traffic counts of 44,000+ cars per day. The property offers exceptional visibility with existing Pylon signage along 100’+ of property road frontage.
The building offers a showroom/office in the front portion with open warehouse space in the rear. The structure is a freestanding metal frame building of 16’ heights. Eight roll up doors of 12’ each provide ample grade level access into the space.
Additional greenspace in the rear of the property may be potential for added parking, subject to Escambia County’s permit.
The immediate submarket has experienced heavy growth in the past seven years. Highway 90, 9 Mile Rd.
is a progressive east-west corridor connecting neighboring Santa Rosa County and the community of Pace,
FL. National job creation has induced the growth of West Pensacola and this location at its nucleus.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 111S301101007330
Zoning: HC/LI
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Interstate 10 & 9 Mie Road
Property Visibility: Excellent
Largest Nearby Street: 9 Mile Road
Traffic/Vehicle Count: 44,000
Area Description: Heavy, long-established retail corridor. Intersection of two major highways.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,783 51,535 108,844
Median Age: 37.14 39.9 37.87
Households: 1,138 20,864 42,855


Photograph of Listing Agent

Phil Sherrill

CBRE, Inc.
Gulf Coast CMLS Member
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