Four Unit Investment Property - 100% Leased

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
Sale Price: $524,900
Unit Price: $97.20 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/18/2019

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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Joel Asmar

Asmar Appraisal Company, Inc.
Gulf Coast CMLS Member
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