Hard Corner Ground Lease

Vacant Land for Lease
Catylist Listing ID: 30643579
Property Subtypes: Office, Retail
Gross Land Area: 29,638 SF
Lease Rate: $2 PSF (Annual)
Base Monthly Rent: $4,939
Lease Types: Absolute NNN
Last Updated: 9/6/2020

Overview / Comments

Ground Lease available for this .6804 acre site on "Restaurant Row" with unobstructed views of Pensacola Bay. Located at the corner of E. Gregory St and 14th Avenue, the corner AADT totals 20800. Market Demographics within a five mile radius of this site include; Total Population of 91,341 with an Average House Hold Income of $58,638. The larges income bracket group found within this five mile radius makes between $50,000-$74,999. Locals, commuters and tourists frequent restaurant row due to its proximity to the interstate (0.5 miles to I-110, 7 miles to I-10) major destinations such as Historic Downtown Pensacola (1.3 miles) Cordova Mall (5.4 miles) and Pensacola Beach (7.4 miles).

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: PENSACOLA CITY LIMITS
Tax ID/APN: 000S009025006037
Zoning: GRD
Property Located Between: N 14th & E Heinburg
Property Visibility: Excellent
Legal Description: LTS 6 THRU 10 BLK 37 NEW CITY TRACT OR 2878 P 276 OR 5837 P 1758 CA 47
Largest Nearby Street: Gregory St
Feet of Frontage: 190
Traffic/Vehicle Count: 20,800
Highway Access: 0.5 miles to I-110 and 7 miles to I-10
Airports: Pensacola International Airport (PNS)
Site Description: A .6804 acre lot with 3 points of access (E. Gregory, N. 14th, E. Heinberg). GRD Street Setbacks: for Gregory St. are Ten (10) feet from right-of-way line. GRD Building Height: shall not exceed a maximum height of one hundred (100) feet. GRD Utility Services: ALL NEW building construction or additions of floor areas to existing structures along Gregory St shall be required to install underground utilities GRD Lot Coverage: The total coverage of all development sites within the Gateway Redevelopment District, including all structures, parking areas, driveways and all other impervious surfaces, shall not exceed seventy-five (75) percent. This location also falls in The Pensacola Inner City Community Redevelopment Area.
Area Description: Located in the heart of restaurant row, immediate surroundings include Richie's East Liquors, Saltgrass Steakhouse, Ticket Sports Bar, Taste of India, Another Broken Egg Cafe, Rodizio Steakhouse, Franco's Italian, Wendy's, Jimmy Johns, Starbucks, Melting Pot, Whataburger, Waffle House, Broussards Bayou Grill, McGuires Irish Pub, and the Courtyard Marriott.
Lot Frontage: 190
Lot Depth: 156
Zoning Description: GATEWAY REDEVELOPMENT DISTRICT
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,856 40,345 115,126
Median Age: 41.14 41.27 38.6
Households: 2,777 17,287 44,814

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial NRT Pensacola
Gulf Coast CMLS Member
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