300 BLK Main Street Lot #4

Vacant Land for Lease
Catylist Listing ID: 30200066
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 3.02 Acres
Lease Rate: $21,083 (Monthly)
$1.92 PSF (Annual)
Lease Types: NNN
Last Updated: 7/9/2018

Overview / Comments

The subject property includes 7 lots that are within the Maritime Park complex. The Maritime Park development is situated on the south side of West Main Street at its intersections with South Spring Street, South Reus Street and South DeVilliers Street. The Maritime Park development is 835’ west of the signalized intersection of South Palafox Street and Main Street, and is in the core of the downtown within the Central Business District. Several older office buildings and old warehouses in this area have been renovated to Class A type space.
The presence of the new Maritime Park, stadium and Pensacola Blue Wahoo’s baseball franchise have had a substantial positive impact to the area.
Lease rates subject to current appraisal and approval by Pensacola City Council.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Submarket Type: Central Business District
Taxing Authority: Pensacola City Limits
Tax ID/APN: 000S009400000040
Zoning: WRD
Property Located Between: S. DeVillers & S. Reus
Legal Description: On File.
Largest Nearby Street: South Palafox
Feet of Frontage: 324
Site Description: Lot #4 3.02 acres, 131,551 sf +/-; 324.44x287; $21,083.33/mo; within 7 non-contiguous platted lots, as follows: Lease Terms: Qualified, credit worthy tenants. 30-year term. Lease rates subject to current appraisal and approval by Pensacola City Council.
Area Description: Pensacola- Founded in 1559 by Don Tristan deLuna, Pensacola is the fi rst European settlement in the United States. The city while steeped in history is decidedly cosmopolitan about its progress. The subject property is located in the highly desirable downtown waterfront district, where there has been a serious trend underway for revitalization. The core of the downtown is 44 blocks of historic, architecturally beautiful businesses, chic shops, 5 star restaurants, galleries and much more. To the northeast of property is South Palafox Street renovations along the Palafox corridor are simply fi rst class with many historic buildings being restored to house upscale retail shops, restaurants and salons. A new multi-million dollar, landmark Bank of Pensacola was completed in the end of 2014 on the corner of Palafox and Main Street. Siddiqui Investments, of Knoxville, TN built the fi rst hotel in three decades on Main St opening its doors in 2016 “This site was chosen because it is the epicenter of downtown Pensacola’s development boom,” said Heeteesh Patel, a partner with Siddiqui Investments. “We went to several cities in the panhandle to look at building our fi rst hotel in Florida. After looking at many cities we narrowed our decision to Pensacola.” (Courtesy The Pulse)
Lot Frontage: 324.44
Lot Depth: 287
Development Name: Maritime Park Complex

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,781 43,559 118,070
Median Age: 43.82 40.17 37.4
Households: 1,916 18,565 44,848

Contact

Photograph of Listing Agent

DeeDee Davis

NAI Halford Gulf Coast CMLS Member
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