Downtown Investment Property (Residential/Commercial)

Office for Sale
Catylist Listing ID: 30323324
Property Subtypes: Mixed Use
Building Size (RSF): 1,928 SF
Sale Price: $485,000
Unit Price: $251.56 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 2/14/2019

Overview / Comments

Rare downtown opportunity to own a mixed use investment property or enjoy a live/work arrangement! This property could also be converted into one two-story residential property. See the Attachments and Media section in this listing for conceptual drawings.

The building is fully leased through July 31, 2019. The first floor is office space and the second floor is a two-bedroom apartment. Both tenants have expressed interest in continuing their leases, should a new owner wish to use the property for investment purposes.

The first floor office is approximately 924 square feet, with four private offices. Current tenants use four separate entrances on the first floor to accommodate their clients. A central hallway provides access to two restrooms, one with a shower.

The second floor apartment is approximately 1,004 square feet with a separate first floor entrance. There are two bedrooms, a Jack-and-Jill style bathroom, kitchen, and large living/dining area. In addition, there are two balconies, one overlooks Government St. and the other faces the more private alleyway behind the building.

Rental income and lease information is available upon request.

Downtown Pensacola is thriving! Restaurants, retail and office buildings are within easy walking and biking distance. Be a part of the transformation that is happening to this great city!

Please do not disturb the tenants. Their business requires privacy for their clients. Showings are by appointment only.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009013000010
Zoning: SSD
Property Located Between: 9th Avenue and Cevallos St.
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,485 38,493 105,522
Median Age: 43.7 41.29 38.07
Households: 1,796 16,525 40,617
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