Live - Work Space Available On Nine Mile Rd.

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: 5/23/2019

Overview / Comments

Multi unit building with retail on the main level and a 1,400+/- sf, two bedroom, one bath apartment on the second floor + 377 sf detached garage. The 3,051 +/- sf retail store equipped for commercial use as a mini mart and deli.

Location is the last retail stop on W 9 Mile Rd. before the FL/AL state line, or the first stop off Mobile Highway onto W 9 Mile Rd. heading into FL from Alabama.

The emergence of new neighborhoods and homes in the area such as Vintage Creek, a 161 home site development by D.R. Horton with home prices starting at 260k+ could be well served due to lack of area retail.

Upstairs apartment represents another potential revenue stream for an investor, or could house owner or employees.

Take a virtual tour today by clicking the link below.

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: Good
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
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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