8.5% CAP Rate Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30040535
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 7,950 SF
Gross Land Area: 40,075 SF
Sale Price: $859,000
Unit Price: $108.05 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Building Name: Sesco Lighting
Usable Size (USF): 7,950 SF
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 7/6/2020

Overview / Comments

Investment opportunity for this fully leased Class "A" office/retail site located on N. Palafox Hwy, minutes from downtown Pensacola. The site is comprised of a 7,950 SF improvement with multiple private offices, bullpen/showroom, climate-controlled warehouse and multiple roll-up doors. The property is situated on a four-lane highway at a lighted intersection, providing excellent visibility and ingress/egress. Private, lighted parking lot, gated rear driveway and access from the north, south and east.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County Tax Collector
Tax ID/APN: 00-0S-00-9010-016-147 & 00-0S-00-9010-024-147
Zoning: HC/LI
Retail Clientele: General, Business
Property Located Between: Hatton and Scott Street
Property Visibility: Excellent
Largest Nearby Street: Palafox
Feet of Frontage: 213
Highway Access: Palafox Hwy
Airports: Pensacola International
Site Description: Office Retail
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,950 SF
Property Condition: Excellent
Year Built: 2006
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 30
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Class "A"
Zoning Description: HC/LI
Lot Frontage: 213.64
Lot Depth: 134.14
Water Service: Municipal
Sewer Type: Municipal
Legal Description: In file

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,176 71,711 150,974
Median Age: 41.63 38.08 38.48
Households: 4,470 28,516 61,414


Photograph of Listing Agent

Gerald McArthur, SIOR

Gerald McArthur, Gulf Coast Real Estate Advisors, LLC
Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.