North Hill Retail / Office

Retail-Commercial for Sale
Catylist Listing ID: 29947344
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 1,608 SF
Gross Land Area: 0.34 Acres
Sale Price: $139,000
Unit Price: $86.44 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: Former Service Station/Auto Repair
Usable Size (USF): 1,608 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2018

Overview / Comments

Back on the market!!! Price Reduced from 169,000!!!
Located at the NW corner of Palafox and Blount Street at entrance to the popular North Hill area of downtown Pensacola. This stand-alone building would be ideal for a cafe/deli, professional office or other small retail business. This former service station/auto repair shop has 3 overhead loading doors, small office area and restroom.

Underground gas tanks have been removed and FDEP says there is still work to be done.... BUT this is all under the State clean-up program and no liability to buyer.

There are 4 in-ground lifts that will need to be removed. Have proposal from contractor to remove for $9,300. Selling As-Is.

The Billboard with Lamar pays $1,000 annually-expires 8/2026.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 00-0S-00-9010-022-157
Retail Clientele: General, Business
Property Located Between: Corner of N. Palafox and W. Blount
Property Visibility: Excellent
Largest Nearby Street: Fronts Palafox St.
Feet of Frontage: 120
Traffic/Vehicle Count: 8,000
Highway Access: Fronts on Palafox (Hwy 29)
Airports: Pensacola International Airport
Site Description: Level corner lot.
Area Description: Popular neighborhood with mix of residential and commercial businesses.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,608 SF
Year Built: 1958
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete Block
Total Parking Spaces: 12
Parking Ratio: 7.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Concrete and paved parking area.
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Internet Access: Cable
Interior Description: Rough....will require total renovation
Zoning Description: C-2 (City of Pensacola) Allows most commercial uses.
Lot Frontage: 120'
Lot Depth: 125'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: In File

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,452 61,051 142,138
Median Age: 40.28 39.32 38.02
Households: 4,304 25,603 55,753


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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