2,000 SF Retail Bldg -1734 Creighton Rd

Retail-Commercial for Sale
Catylist Listing ID: 30851847
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,000 SF
Gross Land Area: 0.67 Acres
Sale Price: $399,000
Unit Price: $199.50 PSF
Property Use Type: Investment
Building Name: 1734 Creighton
Usable Size (USF): 2,000 SF
Sale Terms: Cash to Seller
Cap Rate: 4.7%
Average Occupancy Rate: 100
Last Updated: 6/10/2024

Overview / Comments

2,000 SF retail bldg. Leased through Feb. 2025 (with 3 1 yr options).
Please do not disturb tenant!
Sale does not include the cell tower in rear. There is an access easement through parking lot to tower.
Current rent is below market (done in the midst of Covid)
Located just west of Lanier Ave on Creighton (North side).

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia Co
Tax ID/APN: 31-1S-30-1901-014-003
Zoning: C-3
Retail Clientele: General
Property Located Between: 9th Ave and Davis
Property Visibility: Excellent
Largest Nearby Street: Fronts on Creighton
Feet of Frontage: 105
Traffic/Vehicle Count: 23,000
Highway Access: Fronts on Creighton Rd....5 Minutes from I-10 / I110 ramp.
Airports: Pensacola International
Site Description: Level
Area Description: Commercial uses along Creighton.....Medical / retail
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Good
Year Built: 1981
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Exterior Description: Typical metal bldg
Total Parking Spaces: 15
Parking Ratio: 7.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Gravel
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Remodeled in 2021 by current tenant
Zoning Description: C-3 (City of Pensacola zoning allows most commercial uses)
Lot Frontage: 105
Lot Depth: 302
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: In File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,350 62,235 143,308
Median Age: 36.37 37.91 38.08
Households: 4,315 26,253 57,985

Contact

Photograph of Listing Agent

Gary Watson, CCIM

Watson Commercial Group, LLC Gulf Coast CMLS Member
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