Downtown Retail

Retail-Commercial for Sale
Catylist Listing ID: 30369221
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 1,152 SF
Gross Land Area: 0.13 Acres
Sale Price: $155,000
Unit Price: $134.55 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 912 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/7/2019

Overview / Comments

Opportunity to pick up established business location from owner/operators who have been open for over 15 years. High visibility location on A St., Building and two adjacent lots are being sold together - owner will not divide.
Prior use was as a convenience store & (to go) restaurant. All FF& E's currently on site are included (i.e. hood vent; coolers). New A/C unit recently installed.

Area Highlights (1 Mile Radius* )
- Daytime Population - 22,510
- Projected High Growth Area + 9.7% by 2023
- Average income $53,281; projected increase by 22% by 2023
- Average Disposable Income 2018-2023 - $43,132

*Data based on ESRI STDB 2018; CCIM Website.

Due to recent and proposed zoning changes in the city of Pensacola, prospective buyer to confirm requirements for any proposed use, including parking.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Pensacola City Limits
Tax ID/APN: Parcel A: 000S009060021004; Parcel B: 000S009060022004; Parcel C: 000S009060023004
Retail Clientele: General, Business, Recreation, Other
Property Located Between: A St. and W. Jackson St.
Property Visibility: Excellent
Largest Nearby Street: Cervantes
Feet of Frontage: 61
Traffic/Vehicle Count: 1,950
Highway Access: Aprox 1.2 Miles from I-110
Airports: PNS
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 912 SF
Year Built: 1944
Year Renovated: 1990
Roof Type: Flat
Construction/Siding: Block
Parking Type: Other
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,563 61,832 144,187
Median Age: 40.47 38.92 38.11
Households: 4,262 25,713 55,945


Photograph of Listing Agent

Omar Walter Nagi

Alliance Real Estate Gulf Coast CMLS Member
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