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810 N Pace Blvd

5,540 SF Retail Building Pensacola, FL 32505 $825,000 ($149/SF) 7.20% Cap Rate

Investment Highlights

  • New Roof - 12/2024

Executive Summary

Two years left on existing lease (exp 12-31-26). One five year option with 7.4% rent increase.
New roof installed 12-2024.
Owned since 2002
Excellent tenant

Property Facts

Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,540 SF
Building Class
B
Year Built
1999
Price
$825,000
Price Per SF
$149
Cap Rate
7.20%
NOI
$59,400
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
C3
Parking
33 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
150 FT on Pace Blvd

Amenities

  • Signage

Nearby Major Retailers

Regions Bank
United Rentals-equipment & Tool Rentals

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-0S-00-9060-061-135
Land Assessment
$78,980
Improvements Assessment
$266,324
Total Assessment
$345,304
  • Listing ID: 34211655

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 810 N Pace Blvd, Pensacola, FL 32505

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