12,000 sf Retail Warehouse

Retail-Commercial for Sale
Catylist Listing ID: 30713169
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Other
Building Size (RSF): 12,000 SF
Gross Building Area: 12,570 SF
Gross Land Area: 2.16 Acres
Sale Price: $1,300,000
Unit Price: $108.33 PSF
Property Use Type: Business
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2021

Overview / Comments

The subject property is a 12,000 modular metal retail warehouse featuring a 2.16 acre corner lot location at the SW corner of Gulf Breeze Parkway (Hwy 98) and Tradewinds Drive. The improvements are oriented on the west side of the parcel providing an approximate .6 acre corner of excess land for future development. The land to the immediate rear of the improvements has been cleared and an 8,000 sf addition has been permitted for new construction. The parcel has a retention area on the SE corner.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 26-2S-28-5460-00A00-0020
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: SW Corner of Hwy 98 and Tradewinds Dr.
Property Visibility: Excellent
Largest Nearby Street: Gulf Breeze Parkway and Tradewinds Dr
Feet of Frontage: 325
Traffic/Vehicle Count: 37,500
Highway Access: Site is access from the southerly right-of-way of Gulf Breeze Parkway/Highway 98, as well as a median cut and access from West bound traffic to Tradewinds Dr.
Airports: Serviced by Pensacola International Airport and Destin/FWB Airport
Site Description: The subject features a corner site location at the SW corner of Highway 98 and Tradewinds Drive.
Area Description: The subject is located in Gulf Breeze, Florida, approximately 2 miles West of Navarre, FL. The area is characterized primarily by single family residential properties, with commercial uses concentrated along the northerly and southerly right-of-way of Hwy 98. The area has experienced a rapid increase in residential construction with approximately 1,500 new home sites under development. The subject location is the approximate midpoint between Navarre Beach and Pensacola Beach, providing for a variety of resort oriented commercial uses as well as neighborhood commercial potential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Property Condition: Average
Year Built: 1997
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: The subject is modular metal construction.
Parking Type: Surface
Parking Description: open paved and gravel parking
Heat Type: Electricity
Internet Access: Cable
Interior Description: The subject is a 12,000 sf open span metal warehouse.
Zoning Description: HCD: Highway Commercial District
Lot Frontage: 325'
Lot Depth: 200'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,842 15,293 26,305
Median Age: 48 42.79 41.44
Households: 764 6,204 10,495


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