Commercial Building - Neighborhood Anchor

Retail-Commercial for Sale
Catylist Listing ID: 30860013
Property Subtypes: Mixed Use, Restaurant
Building Size (RSF): 5,400 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Unit Price: $203.70 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 2030 / 2040 / 2050
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 11/6/2023

Overview / Comments

Bill Manning of Kuhn Realty is excited to present this well-known, neighborhood anchor property for sale. Filled with popular local businesses, this building has always been a bustling center of activity for the East Hill neighborhood of Pensacola. Situated as a well-traveled route between downtown and Pensacola Beach, the 12th Avenue corridor is home to a wide variety of businesses and is woven directly into the middle of some of Pensacola's most desirable residential neighborhoods. This property offers a legacy opportunity to it's new owner. Call Today!

- High visibility
- Many recent updates including structural, HVAC, Electrical, etc.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: ESCPA
Tax ID/APN: 000S009025001246
Zoning: C1
Retail Clientele: General
Property Located Between: 12th & 13th Ave, Jordan St and Hernandez St
Property Visibility: Excellent
Largest Nearby Street: Cervantes St
Site Description: Well-established and highly visible brick building on the corner of 12th Avenue and Jordan St.
Area Description: As one of the original neighborhoods in Pensacola, East Hill continues to be one of the most desirable areas for residents to call home. And a recent renovation revival and new construction boom proves it's position is holding steady. Local's propensity to support local businesses has helped the neighborhood maintain a thriving micro-economy that continues to grow every year. Proximity to downtown and the Cordova area keep a healthy flow of traffic streaming up and down 12th Avenue, adding convenience by way of accessibility to the many residents in and around East Hill. The property itself is a short 1/2 mile away from I-110 access.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1955
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Tall, single-story brick building with a metal awning spanning the entire 12th Ave frontage. Large windows facing 12th on each unit.
Parking Type: Surface
Interior Description: 3 units are outfitted to support tenants needs. All units have received updates in the recent past.
Zoning Description: C-1
Lot Frontage: 75.25
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Legal Description: N 75 25/100 FT OF LTS 1 2 3 BLK 246 NEW CITY TRACT OR 6225 P 1839 CA 51

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,889 55,364 128,678
Median Age: 41.78 40.24 39.01
Households: 4,486 22,332 53,048


Photograph of Listing Agent

Bill Manning

Kuhn Realty Gulf Coast CMLS Member
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