Mixed Use in East Hill. 2 Bldgs.
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30839380 |
| Property Subtypes: |
Flex Space, Office Building
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
5,103 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.50 Acres
|
| Sale Price: |
$1,225,000 |
| Unit Price: |
$240.05 PSF |
| Ceiling: |
16 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Class of Space: |
Class C |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/19/2023 |
Overview / Comments
|
Mixed Use - Office & Industrial building, in the City Limits of Pensacola, adjacent to The Shops of East Hill. This half acre site includes a 1600 SF Industrial Warehouse with two stories, 16 Ft ceiling height and a roll up door that was built in 2000. The 3503 SF office building was fully renovated in 1995, changing the original gas station retail building to a two story office building. Multiple office on both floors totaling 12 rooms, along with 3 bathrooms and 1 shower. Demographics within a 5 mile radius include a Total Population of 124,940 and an Average Household Income of $57,733
|
Current Tenants
| Tenant Business Name |
Grace Medical |
| Industry Type |
Health Care and Social Assistance |
| Is Renting? |
Yes |
| Annual Revenue |
$76,200 (Annual) |
| Tenant Notes |
Contact Listing Agent for all details regarding the Tenant. |
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Taxing Authority: |
PENSACOLA CITY LIMITS |
| Tax ID/APN: |
000S009025008385 |
| Zoning: |
C-1 |
| Property Located Between: |
N 12th Ave and E Anderson St. |
| Property Visibility: |
Excellent |
| Highway Access: |
Located 1.5 miles to I-110 and 2 miles to Cordova Mall & Pensacola International Airport |
| Airports: |
Pensacola International Airport |
| Site Description: |
Corner Parcel with 2 freestanding structures and additional storage building |
| Area Description: |
Pensacola's MSA provides N/S and E/W connectivity with it's 2 Federal Interstates, 3 Federal Highways and 8 State Highways. Additional infrastructure includes Pensacola International Airport, Direct Rail with CSX Transportation, Genesee & Wyoming, and the Port of Pensacola. According to the Florida West Economic Development Alliance, "The Department of Defense (DoD) is the largest economic engine in Greater Pensacola, with more than $7.8 billion in total economic impact. Greater Pensacola Region is home to Naval Air Station (NAS) Pensacola, Saufley Field, Corry Station, Naval Hospital Pensacola and Whiting Field. The Greater Pensacola area is home to more than 35,000 military retirees—the second largest concentration in the nation." |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Year Built: |
1976 |
| Year Renovated: |
2000 |
| Parking Type: |
Surface |
| Total Parking Spaces: |
30 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central, Wall Units |
| Air Conditioning: |
Engineered System, Window Unit |
| Zoning Description: |
The commercial land use district for C-1 is established for the purpose of providing areas of commercial development ranging from compact shopping areas to limited industrial/high intensity commercial uses. Conventional residential use is allowed as well as residential uses on upper floors above ground floor commercial or office uses and in other types of mixed-use development. |
| Lot Frontage: |
185 |
| Lot Depth: |
120 |
| Water Service: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
LTS 8 9 10 AND N 47 FT 6 IN OF LTS 11 12 13 BLK 385 NEW CITY TRACT OR 3321 P 378 OR 7674 P 367 OR 7674 P 368 CA 54 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,797 |
65,368 |
141,254 |
| Median Age: |
42.01 |
40.28 |
38.25 |
| Households: |
3,761 |
26,702 |
57,712 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
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|
