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
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

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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


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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