Catylist ID:
#30872502
| Catylist Listing ID: | 30872502 |
| Property Subtypes: | Industrial, Office, Retail, Retail-Pad, Other |
| Gross Land Area: | 1.09 Acres |
| Sale Price: | $1,260,000 |
| Unit Price: | $1,155,963 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/18/2024 |
Overview / Comments
|
NAI Pensacola is pleased to present 7950 Pensacola Boulevard, which is currently being used as a commercial overflow parking lot for the neighboring C-Store, Circle K. Perfect redevelopment opportunity for QSR, C-Store, or Top Tier Fuel Retailer This 1 Acre commercial lot is in an excellent position off of I-10 Exit (WB 10B) (89,000 CPD) for a QSR with over 296 foot of frontage, exposure to 40,500 CPD and easy access with two service drives. The property has been used as a commercial overflow parking lot for the neighboring C-Store, Circle K generating a monthly income of $4,833.33 with an estimated revenue of over $300,000 remaining on the current lease term through 2030.The lease agreement includes four additional 5-year renewal options should the new buyer opt to utilize. The 1-Acre parcel enjoys great visibility and access with 296 + feet of frontage on Pensacola Blvd / HWY 29 (40,500 CPD) and a dedicated decel lane already in place. All utilities available to street Decel in place 40,500 CPD |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County |
| Tax ID/APN: | 221S301101004011 |
| Zoning: | HC LI |
| Property Located Between: | Pensacola BLVD & I-10 |
| Property Visibility: | Excellent |
| Legal Description: | Escambia County Property Appraiser 221S301101004011 - Full Legal Description ALL LT 11 LYING ELY OF ELY R/W OF NEW SR #95 S/D PLAT DB 89 P 280 OR 6694 P 672 LESS OR 289 P 426 CO RD R/W LESS OR 7327 P 137 RD R/W |
| Largest Nearby Street: | I10 |
| Area Description: | Positioned along a major trade the location benefits from its proximity to Car City, its immediate position to I10 89,000 CPD (Exit 10B off ramp), national retailers and a dense population base. In the immediate 5-mile radius there are 6,870 businesses collectively providing employment to over 79,105 individuals with a total sales volume of $12,097,866,000 for 2023. The area is dominant commercial trade core for the Pensacola region with the explosive growth from the Beulah area with the expansion of the Navy Federal Campus spurring housing and commercial projects, coupled with the already significant established commercial core. |
| Lot Frontage: | 296.34 |
| Lot Depth: | 270.57 |
| Zoning Description: | Sec. 3-2.11 Heavy commercial and light industrial district (HC/LI). (a) (b) Purpose. The heavy commercial and light industrial (HC/LI) district establishes appropriate areas and land use regulations for a complementary mix of industrial uses with a broad range of commercial activities. The primary intent of the district is to allow light manufacturing, large-scale wholesale and retail uses, major services, and other more intense uses than allowed in the commercial district. The variety and intensity of non-residential uses within the HC/LI district is limited by the applicable FLU and their compatibility with surrounding uses. All commercial and industrial operations are limited to the confines of buildings and not allowed to produce undesirable effects on other property. To retain adequate area for commercial and industrial activities, other uses within the district are limited. |
| Easements: | Ingress/Egress, Utilities |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,709 | 53,135 | 146,247 |
| Median Age: | 39.47 | 37.36 | 37.93 |
| Households: | 2,241 | 20,779 | 56,951 |
Contact
Jenny NoonanNAI PensacolaGulf Coast CMLS Member |
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