Langley Avenue Investment Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 30769566
Property Subtypes: Net Leased, Office Building
Status: Pending
Building Size (RSF): 2,796 SF
Gross Building Area: See Agent
Sale Price: $275,000
Unit Price: $98.35 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2021

Overview / Comments

Nicely renovated and well-maintained Income Producing office buildings for sale in the Cordova Business District.

The property has been utilized as an owner occupier of Building B, receiving an income stream from Building A.

Building A (1,400 SF) is leased to Edward Jones Investment through February 2026. Building B/C- is separated into 2 suites. Suite B is leased to the owner on a 1-year term and suite c is available for lease. There is opportunity for increased rental rates. Units are all separately metered for water and power.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 101S296002006008
Property Located Between: Langley Avenue and 9th Avenue
Property Visibility: Excellent
Site Description: Decel lane in place with signage on Langley! Enter into maintained private parking lot with 14 spaces. Sidewalks lead to the front of each building. The grounds are well maintained with established landscaping.
Area Description: The Subject Property is located in a key position. It is surrounded by Heavy Established Rooftops, Professional Businesses, Medical Professionals, Restaurants and Retailers- Just off booming professional trade corridor- Close to Cordova Mall, Sacred Heart Hospital, Pensacola State College
Total Number of Buildings: 2
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 14
Interior Description: The suites are nicely laid out as professional office suites- new flooring, private offices, natural light, bright white moldings and tasteful neutral paint colors make these professional office suites shine
Zoning Description: HDMU
Lot Frontage: 58.68
Lot Depth: 211
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,471 55,074 129,522
Median Age: 43.15 39.43 38.01
Households: 3,313 23,242 52,884

Contact

Photograph of Listing Agent

Jenny Noonan

NAI Pensacola
Gulf Coast CMLS Member
Photograph of Listing Agent

DeeDee Davis

NAI Pensacola Gulf Coast CMLS Member
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