Income Producing-Office/Warehouse

Office for Sale
Catylist Listing ID: 30455190
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 21,679 SF
Gross Land Area: 2.47 Acres
Sale Price: $1,825,000
Unit Price: $84.18 PSF
Property Use Type: Investment
Building Name: 2420 S Hwy 29
Class of Space: Class B
Usable Size (USF): 29,679 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2021

Overview / Comments

11,126 SF leased for $13,134 Per Mo (Gross) ($157,000 Yr).

Rear 11,897 SF (2 Story) Warehouse/Office available to use or lease.

Conservatively lease rear 11,897 for $5.00 PSF = $$4,957 Mo / $59,485 Annually

Buildings sitting on 1.06 Ac....1.41 ac lot on north side included in this offering.

Fronts on both Hwy 29 (450') and Old Palafox (Hwy 95a) (398')

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 20-1N-30-3401-008-001
Zoning: HC-LI
Property Located Between: West Roberts Rd and Kingsfield Rd
Property Visibility: Excellent
Highway Access: Fronts on both Hwy 29 and Hwy 95a
Airports: Pensacola International Airport
Site Description: Improved lot with buildings and vacant 1.4 ac lot
Area Description: General Commercial
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 14,000 SF
Year Built: 1968
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Block, Metal Siding, Steel Frame, Stucco
Exterior Description: Painted Block/Metal-Good condition

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,834 33,520 76,874
Median Age: 39.61 39.58 37.89
Households: 3,283 13,048 30,398


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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