2 Story Office Bldg. in Opportunity Zone

Office for Sale
Catylist Listing ID: 30343454
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 24,654 SF
Gross Land Area: 2.32 Acres
Sale Price: $899,000
Unit Price: $36.46 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Building Name: Southern Bell T.C. Building
Class of Space: Class B
Usable Size (USF): 24,654 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/5/2019

Overview / Comments

Back up offers being accepted. Steel framed, brick building with expansive spaces for large business needs or co-office work space. This two-story building includes three entrances and door access control systems to allow for security needs and or multiple tenant capabilities. The building includes bonus features such as a Battery Operated Back Up Generator System, Passenger Elevator, Handicap Door Access Buttons, Fire Rated Doors, Private Offices, Conference Rooms, Restrooms and Shower Facility, Kitchens and more.
The FIRST FLOOR - Foyer, Public Office (or additional conf rm), Teller Room, 3 Large Pulpit Areas, Business Offices, Private Offices and Conference Rooms, Kitchen, Lounge, Equipment & Storage Rooms, Men's & Women's Bathroom, Utility/ Cleaning Closet, Front and Rear Stairwells with added Storage.
The SECOND FLOOR - Foyer off of the Front Stairwell and Elevator, 1 Large Pulpit Area, Large Business Offices, Private Offices, Conference Rooms, Men's & Women's Bathroom, One Shower, Utility/Cleaning Closet, Kitchen, Equipment and Storage Rooms.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 03-1N-28-0000-04800-0000
Zoning: C-2
Property Located Between: US Hwy 90 and Stewart St.
Property Visibility: Excellent
Highway Access: Direct Ingress and Egress onto US Hwy 90
Airports: Pensacola International Airport, Naval Air Station Whiting Field
Site Description: Located on the East Bound Side of US Hwy 90 with immediate access to Stewart St. Historic Downtown Milton is located half a mile East, and Regional & National Retailers are located next door, across the street, and within .5 miles West.
Area Description: US Hwy 90/ Caroline St. AADT Count of 26,000. 4.8 Miles to Interstate 10. National and Regional Retailers within .5 to 5 miles some of which include Krystals, Texas Road House, Arbys, Burger King, Anytime Fitness, Tractor Supply, Waffle House, Six Flags Shopping Center, CVS, Walgreens, Shrimp Basket, Taco Bell, McDonalds, Chick Fil A, Target, Walmart, Lowes and Home Depot.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 12,372 SF
Year Built: 1975
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Steel Frame with Block Fill and Red Brick Face Structure. Concrete Slab to code per plans with 3000 psi rating. Block Fill & Walls 2500 psi rating. 150 MPH WIND RATED ROOF, Tar and Gravel Roof replaced in 2005 with Metal Flashing/Coping and Metal Roof Decking. All Downspouts have Cast Iron Downspout Boots. Total of 9 Flood Lights on the exterior of the building. 672 sq. ft. Open Patio with ceiling fans in the rear for employees/ tenants. One additional concrete pad with cover, and dumpster pad.
Parking Ratio: 6.5 (per 1000 SF)
Parking Type: Surface
Parking Description: 41,250 SF of paved parking with approximately 160 spaces. 2 Light Poles in the rear of the parking for added security.
Total Parking Spaces: 160
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity, Hot Water
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite, T1/T3
Interior Description: Interior Renovations Include: Power, Mechanical, Lighting, Plumbing, and HVAC, Additional Features Include: Depository Safe, Drains in all 4 bathrooms, Handicap Door Access Buttons, Utility Closets with Mop Sinks, Sprinkler System, Mechanical Room, Drop Down Ceiling Height 10 Ft. (concrete floor to top of bond beam 16'8"), Ceiling Insulation 6" Fiberglass Batts, Wall Insulation 3 1/2" Fiberglass Batts.
Zoning Description: C-2 - General Commercial Zoning District City of Milton - COMMERCIAL DISTRICT STANDARDS: The C-2 General Commercial Zoning District is intended to accommodate those lands and structures used to provide for the retail of commodities and furnishings of selected services, trades and other commercial enterprises within the Planning Area. The C-2 District addresses primarily auto-oriented retail, both individual businesses and retail centers, with the intent of improving the pedestrian environment along the existing corridors. Limited mixed-use development with residential dwelling units above the ground floor and higher density, multi-family residential development may be allowed upon development authority approval.
Lot Frontage: 206
Lot Depth: 526
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Land Ownership: Owned
Legal Description: Please refer to recorded deed with Santa Rosa County for full Legal. COM NE CORN OF N2 OF LOT 4 THNW ON S LN 320 FT TO POB THN S 89*58'04"W 166.02 FT THN N0*0'53"W 244 FT THN S89*58'4"W 34 FT THN N0*0'53"W 258.73 FT TO S R/W HWY 90 THN ON CURV (R= 2789.79 FT CB=N77*0'19"E)GO ONCURV 206.01 FT THN S0*3'20"W 548.93 FT TO TH POB AS DES INOR 2447 PG 1385

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,531 22,335 38,804
Median Age: 36.25 37.92 38.1
Households: 1,868 8,758 15,083


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial NRT Pensacola
Gulf Coast CMLS Member
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