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.
|
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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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
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