Redevelopment Opportunity 2.17 Acres

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Vacant Land
Catylist Listing ID: 30572596
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 4,774 SF
Gross Building Area: See Agent
Gross Land Area: 2.17 Acres
Sale Price: $425,000
Unit Price: $89.02 PSF
Property Use Type: Vacant/Owner-User
Building Name: 4774
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2020

Overview / Comments

Redevelopment Opportunity centrally located in North East Pensacola. This property sits between two major corridors, less than one mile from N. Davis Hwy. and 9th Avenue. The 2.17 acres includes three parcels with two existing curb for access on Creighton Road and access from the rear on Lansing Drive. Current zoning is C-3 and R-1AA with rezoning efforts to C-1 for the rear portion of the lot. Current improvements include a 2,380 square foot freestanding retail building, 21 x 34 (714) square foot concrete block building, and 28 x 60 (1,680) square foot concrete block storage building. 3 Mile Radius demographics include Median House Hold Income of $48,543 with a Total Population of 64,261 with a Median Age of 37.6 and Average House Size of 2.2

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 311S301901060003
Zoning: C-3, R-1AA
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Marie Ave and Lanier Ave
Property Visibility: Excellent
Largest Nearby Street: Creighton Rd
Feet of Frontage: 105
Traffic/Vehicle Count: 22,000
Highway Access: 1.3 miles to I-10, 1.4 miles to I-110 and 2.4 miles to Pensacola International Airport
Airports: Pensacola International Airport (PNS)
Site Description: Regulations for C-3 Zoning include a maximum building height restriction of no more than (100) feet, Lot Coverage shall not exceed seventy-five (75) percent of the total site area for buildings up to one hundred (100) feet in height. Maximum Density Multiple Family Dwellings allows for thirty-five (35) dwelling units per acre.
Area Description: North East Pensacola has experienced exceptional growth with National Retailers such as Walmart Super Center, Target, Sam's Club, Cordova Mall (928,709 square foot shopping center) and major employers such as West Florida Hospital, Ascension Sacred Heart Medical Park, Baptist Medical Park Airport and Pensacola International Airport. Colleges include Pensacola State College, University of West Florida and Pensacola Christian College.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Poor
Year Built: 1939
Year Renovated: 1990
Exterior Description: Three freestanding structures.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Zoning Description: Zoned C-3 at 1730 Creighton Rd, and R-1AA (One and two-family zoning district) at 1700 Blk & 1765 Lansing Dr. The C-3 wholesale and light industry zoning district's regulations are intended to provide for general commercial services, wholesale distribution, storage and light fabrication.
Lot Frontage: 105
Lot Depth: 602
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: S 301 FT OF W 105 FT OF E 158 7/10 FT OF LT F BLK 3 ABB S/D PB 1 P 82 OR 4960 P 1429 NORTH 301 FT OF W 105 FT OF E 158 7/10 FT OF LOT F BLK 3 ABB S/D PB 1 P 82 OR 4960 P 1429 BEG AT SE COR OF BLK 3 AT INTER OF CENTER LI OF TWO ROADS N AT RT ANG 50 FT W 138 FT CONTINUE W 105 FT N AT RT ANG 602 FT FOR POB E AT RT ANG 105 FT S AT RT ANG 300 FT W 105 FT N 300 FT TO POB BEING N 300 FT OF W 51 3/10 FT OF LT A AND OF E 53 7/10 FT OF LT F BLK 3 OR 4960 P 1429 ABB S/D PB 1 P 82

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,350 61,506 142,361
Median Age: 36.37 37.82 38.13
Households: 4,315 25,948 57,605


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial NRT Pensacola
Gulf Coast CMLS Member
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