Available: Rare Retail Space on 9 Mile Rd West of Navy Federal

Retail-Commercial for Sale
Catylist Listing ID: 30417925
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 4,868 SF
Gross Land Area: 0.30 Acres
Sale Price: $359,000
Unit Price: $73.75 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 4,868 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2020

Overview / Comments

Alliance Real Estate is pleased to market a rare opportunity for an owner/operator to capture retail business on Nine Mile Road, just west of Navy Federal. Navy Federal Employs over 6,500 and continues to grow along with the surrounding communities, such as the newly constructed DR Horton Development, Vintage Creek, located just west of this retail site.

The current floorplan features 1,500sf +/- retail space, 750sf +/- kitchen/deli and 750sf+/- dry and cold storage (cold storage needs work). In addition, the building includes an upstairs apartment. A full 1,400+/- sf, two bedroom, one bath apartment on the second floor, and includes a 377 sf detached garage which is likely better used for storage than parking. Convenient quarters for a resident manager or owner operator.

Mini-Mart, Lotto Sales, Beer/Wine Smoke Shop, Catering, Check Cashing, Beer and Wine Store - are a few of the potential uses for the space.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: COUNTY MSTU
Tax ID/APN: 011S324303001002
Zoning: HDMU
Retail Clientele: General, Business, Other
Property Located Between: W. 9 Mile Rd and Tower Ridge Rd.
Property Visibility: Excellent
Largest Nearby Street: W Nine Mile Rd
Feet of Frontage: 75
Traffic/Vehicle Count: 4,900
Highway Access: West Nine Mile Rd Merges into Mobile Hwy/ Hwy 90 A few hundred feet west of business location.
Airports: PNS
Site Description: Easy ingress and egress for east and westbound traffic.
Area Description: -Area growth driven by 1.2 billion dollar Navy Federal CU Headquarters -Navy Fed has created thousands of jobs and projected to continue to grow. - Median household income est. over $66,000 - Owner Occupied: 80.4% In area compared to U.S. ave 56% - Projected 1.87% annual growth through 2023
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,300 SF
Property Condition: Good
Year Built: 1964
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: HDMU zoning provides several options, including: -Small-scale retail sales, including sales of beer and wine. -Personal services, including those of beauty shops, health clubs, pet groomers, dry cleaners, and tattoo parlors. -Professional services, including those of realtors, bankers, accountants, engineers, architects, dentists, physicians, and attorneys. -Repair services, including appliance repair, furniture refinishing and upholstery, watch and jewelry repair, small engine and motor services. -Restaurants, and brewpubs, including on-premises consumption of alcoholic beverages. Not listed are exclusions or conditional uses in this district.
Lot Frontage: 75
Lot Depth: 175
Water Service: Other
Sewer Type: Other
Easements Description: N/A
Legal Description: BEG AT SE COR OF SEC W 1535 FT N 40 FT TO N R/W OF A 40 FT RD FOR POB CONT N 175 FT W 75 FT S 175 FT E 75 FT TO POB OR 6744 P 1718

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,653 22,202
Median Age: 39.93 40.5
Households: 2,450 8,411

Contact

Photograph of Listing Agent

Omar Walter Nagi

Alliance Real Estate Gulf Coast CMLS Member
Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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