Landmark Downtown Mixed-Use Investment

Retail-Commercial for Sale
Catylist Listing ID: 30779551
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 12,003 SF
Gross Building Area: See Agent
Gross Land Area: 0.83 Acres
Sale Price: $4,000,000
Unit Price: $333.25 PSF
Property Use Type: Investment
Building Name: One51 Main
Sale Terms: Undisclosed
Cap Rate: 4.58%
Last Updated: 7/2/2022

Overview / Comments

Beck Partners is proud to present the opportunity to acquire a premier landmark mixed-use property located in the core of Pensacola's downtown. The building was constructed in 2015 and located at the entrance of the Community Maritime Park at the intersection of Main and Spring Streets. The offering consists of 12,003 SF of space on the first and second floors of One51 Main, a three story development on .82 acres of land leased long term by the City of Pensacola. (The third floor is currently residential condominiums owned separately.) The property is 100% leased, with over 76% to national credit tenants.

Class A construction using Insulated Concrete Form (ICF)
100% Leased, with upside in below market rents.
Beautiful views of the Wahoos Stadium and Pensacola Bay
On site parking

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 000S009500000002
Zoning: WATERFRONT REDEVELOPMENT DISTRICT (WRD)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,781 43,932 116,661
Median Age: 43.82 39.62 37.48
Households: 1,916 18,712 44,337

Contact

Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC TALrex.com Member
Photograph of Listing Agent

Kylle Shoemaker

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