11 Olive Road

Office for Sale
Catylist Listing ID: 29730109
Property Subtypes: Business Park, Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Office Building
Building Size (RSF): 13,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.82 Acres
Sale Price: $389,000
Unit Price: $28.81 PSF
Property Use Type: Vacant/Owner-User
Building Name: 11 Olive
Class of Space: Class D
Usable Size (USF): 13,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

Class D single story, pre-engineered metal building. It is built out in a multi-office configuration with break-rooms, conference, windowed offices. Multiple entrances provide access from +/-60 parking spaces, covered RV space with hook-ups (xtra land avail for xtra parking). Building is located at a signalized intersection, SE corner of N Palafox and E Olive Road. This space has been formally used by testing laboratory, Construction Company and a security company.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia
Tax ID/APN: 211S301101011
Zoning: ID-1
Market Type: Medium
Property Located Between: Corner of Olive and Palafox at Lighted Intersection
Property Visibility: Excellent
Highway Access: Excellent
Airports: Pensacola International
Site Description: Versatile Class D office space for sale at the intersection of N Palafox and Olive Road, easily accessible from, Interstate 10: US 29 (Pensacola Blvd) N, Right on Broad St., Right on Pittman, Left on Tower, Right on Palafox to Olive. Pensacola International Airport is a short 18 minutes away. Traffic Count in front of site is a combined 30,466 daily.
Area Description: Secondary corridor intersection - Gym to east - Mobile homes to south.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,500 SF
Year Built: 1994
Construction/Siding: Steel Frame
Exterior Description: Metal
Parking Type: Surface
Total Parking Spaces: 60
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Interior Description: Can configure, multiple offices
Zoning Description: ID-1
Lot Frontage: 505
Lot Depth: 314

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,730 62,696 149,183
Median Age: 36.23 36.55 38
Households: 725 24,494 58,611


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