10,168 SF Office/Warehouse

Industrial for Sale
Catylist Listing ID: 30872430
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 10,168 SF
Gross Land Area: 1.07 Acres
Sale Price: $985,000
Unit Price: $96.87 PSF
Ceiling: 16 ft.
Docks/Doors: 2 Doors
Office SF: 4,140 SF
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Landmark Paving
Usable Size (USF): 10,168 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2024

Overview / Comments

4,140 SF Office / 6,028 SF W/H
Fenced yard
The south 50% +- has 16 ft ceiling but falls to 10' on north end of the bldg.
Corner lot-Palafox @ Clarinda
Great central location (Between Fairfield and Pace Blvd on Palafox)
Sale includes 2 parcels 05-2S-30-1001-004-023 & 08-2S-30-4004-000-001
Currently lease to Landmark Paving. 5-year lease started April 2023 and ends 3/31/28. $6,500 per month Gross, with 3% annual increases. 1 five (5) year option.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia Co
Tax ID/APN: 05-2S-30-1001-004-023
Zoning: HC-LI
Property Located Between: Fairfield and Pace Blvd
Highway Access: Fronts on Palafox (Hwy 29)
Airports: Pensacola International
Site Description: Corner location
Area Description: Mixed Commercial / Industrial
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,168 SF
Property Condition: Average
Year Built: 1988
Year Renovated: 2023
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Exterior Description: Typical metal building
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Fenced-Asphalt
Total Parking Spaces: 26
Eave Height: 16
Column Spacing: 40'
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 600
Volts: 440
X-Phase: III
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Typical office finish (nothing fancy but functional)
Zoning Description: HC-LI (Heavy Commercial-Light Industrial)
Lot Frontage: 150
Lot Depth: 212
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: 7,318 84,393 170,556
Median Age: 38.39 37.47 38.17
Households: 2,234 33,109 69,428


Photograph of Listing Agent

Gary Watson, CCIM

Watson Commercial Group, LLC Gulf Coast CMLS Member
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