Unique Opportunity on 9th Ave

Retail-Commercial for Sale
Catylist Listing ID: 30368045
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 15,713 SF
Gross Building Area: See Agent
Gross Land Area: 2.91 Acres
Sale Price: $2,799,000
Unit Price: $178.13 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Unique Opportunity on 9th Ave
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/21/2019

Overview / Comments

Unique Opportunity to own a freestanding, retail property that offers three different business uses. The current owner operates the Shell Gas station and the Wish Wash Car Wash. Siam Thai Cuisine, a proven Thai concept in Pensacola, leases their space from the owner. There is the potential for a long term lease with the tenant, which would provide more value to this already incredible opportunity.

The building itself is approximately 15,000sf and sits on 2.91 acres, which could make it viable for a complete redevelopment. However, the highest and best use would likely be to upgrade the existing facilities and continue operating the current businesses. The property also has tremendous visibility along 9th Avenue, which boasts over 30,000 cars per day.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Zoning: COM
Retail Clientele: General
Tenancy: Multiple Tenants
Year Built: 1986
Construction/Siding: Stucco
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,998 64,001 142,625
Median Age: 36.74 38.02 37.88
Households: 3,224 26,754 58,023

Contact

Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE, LLC
Not a member of TALrex.com
Photograph of Listing Agent

Jessica Long

Beck Partners CRE, LLC
Not a member of TALrex.com
Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC
TALrex.com Member
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