INCOME PRODUCING PROPERTY

Office for Sale
Catylist Listing ID: 30478722
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 3,356 SF
Gross Building Area: See Agent
Gross Land Area: 0.88 Acres
Sale Price: $395,000
Unit Price: $117.70 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Usable Size (USF): 3,356 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Income producing property on Creighton Road, between 9th Avenue and N. Davis Hwy. Two free-standing buildings situated on .88 acres. Building 1 is comprised of approximately 1,600 SF with 500 SF currently leased at $550 per month. Building 2 is approximately 1,750 SF and currently leased to two tenants at $1,290 and $850 per month.

Building 1 has a canopy work area and fenced lay down yard. Excellent opportunity for owner/user to occupy vacant space in Building 1, while realizing income from existing tenants.

The property is located at the corner of Creighton Road and Sanders Drive, providing easy ingress/egress.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County Tax Collector
Tax ID/APN: 31-1S-30-1901-104-005
Zoning: COM
Property Located Between: 9th Ave. and Davis Hwy.
Property Visibility: Excellent
Highway Access: Creighton Road
Airports: Pensacola International
Site Description: 2 Commercial Buildings on this site
Area Description: Business Corridor
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1970
Roof Type: Arched
Construction/Siding: Aluminum Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Legal Description: In File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,616 64,325 146,979
Median Age: 34.75 37.82 38.13
Households: 3,056 27,060 59,520

Contact

Photograph of Listing Agent

Gerald McArthur, SIOR

Gerald McArthur, Gulf Coast Real Estate Advisors, LLC
Gulf Coast CMLS Member
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