1521 N 9th Ave (Substanial Lease Investment)

Retail-Commercial for Sale
Catylist Listing ID: 30204312
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 3,071 SF
Gross Land Area: 0.47 Acres
Sale Price: $399,000
Unit Price: $129.93 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 1521 N 9th Ave (NW Corner of 9th Ave @ Lee St)
Usable Size (USF): 3,071 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2020

Overview / Comments

1521 N 9th Ave. is a 3,071 SF freestanding office building on a 0.47 acre corner parcel in the upscale East Hill District of Pensacola.The quaint cottage inspired building is zoned C-1 with a sliver of R-1 on N 9th Ave. This amazing investment opportunity is currently being renovated and is a substantial lease investment for the next owner. The property currently is vacant with no tenants.

Not only is this property a corner lot, in an upscale residential area of Pensacola, and newly renovated. It also has its own side parking lot along Lee St. with 8-10 spaces just for you and your clients.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City of Pensacola
Tax ID/APN: 00-0S-00-9025-040-177
Zoning: C-1
Retail Clientele: General, Family, Business
Property Located Between: 9th Ave and Lee Street
Property Visibility: Excellent
Largest Nearby Street: 9th Avenue
Feet of Frontage: 123
Traffic/Vehicle Count: 16,900
Airports: Pensacola International Airport
Site Description: NW Corner of 9th Ave @ Lee Street in East Hill
Area Description: East Hill is an upscale historic neighborhood with many office and retail/artistic neighborhood businesses.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,071 SF
Property Condition: Good
Year Built: 1918
Year Renovated: 2017
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: Private lot on Loo Street frontage
Zoning Description: C-1, City of Pensacola
Lot Frontage: 123
Lot Depth: 168.15
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,928 51,109 134,037
Median Age: 40.96 41.43 37.98
Households: 4,507 21,932 52,615

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