Four Unit Investment or Owner Occupied Property
Retail-Commercial
for Sale
Catylist Listing ID: |
30524270 |
Property Subtypes: |
Day Care Facility, Free-Standing Building, Mixed Use, Street Retail, Other
|
Building Size (RSF): |
5,400 SF
|
Gross Land Area: |
0.49 Acres
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Sale Price: |
$524,900 |
Unit Price: |
$97.20 PSF |
Ceiling: |
10 ft. |
Property Use Type: |
Investment |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
3/5/2021 |
Overview / Comments
The property is improved with a pre-engineered steel in-line retail/office building that was constructed in 2006. The gross building area is estimated at 5,400 SF divided into four equal size units of 1,350 SF. The property currently generates approximately $50k in gross rental income at below market rates with value added potential with competitive market rental rates. Two new HVAC systems installed in 2018 with other upgrades made.
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Additional Details
Nearest MSA: |
Pensacola-Ferry Pass-Brent |
County: |
Escambia |
Tax ID/APN: |
342S301331000009 |
Zoning: |
COM, COMMERCIAL |
Property Visibility: |
Excellent |
Largest Nearby Street: |
New Warrington Road |
Feet of Frontage: |
83 |
Traffic/Vehicle Count: |
29,500 |
Highway Access: |
Direct frontage on New Warrington Road, a major arterial roadway |
Site Description: |
The site consists of a rectangular shaped tract containing approximately 21,278 SF or 0.488 acres. The site has 82.6’ of frontage on N. New Warrington Road and has a uniform depth of 250.0’. The site has level to gently sloping topography and comprises 100% uplands |
Tenancy: |
Multiple Tenants |
Total Number of Buildings: |
1 |
Number of Stories: |
1 |
Property Condition: |
Good |
Year Built: |
2006 |
Roof Type: |
Flat |
Construction/Siding: |
Metal Siding |
Total Parking Spaces: |
21 |
Parking Type: |
Surface |
Sprinklers: |
None |
Heat Type: |
Electricity |
Heat Source: |
Central |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
12,167 |
73,001 |
145,929 |
Median Age: |
32.62 |
36.46 |
36.62 |
Households: |
4,405 |
28,333 |
55,151 |
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