3700-3706 N Pace Blvd | Pensacola, FL 32505
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3700-3706 N Pace Blvd
Pensacola, FL 32505
Retail Property For Sale
Investment Highlights
- Low Price Per Square Foot | $59/SF
- Below Market Rents | MTM Leases
- Affluent Demographics | 75,000+ Residents Within 3-Mile Radius
Executive Summary
This 18,000 square foot retail center in Pensacola, Florida, presents a
compelling value-add investment opportunity, priced at $59 per square foot. The property includes a 6,000 square foot vacancy, offering immediate lease up potential in a growing market. The remaining tenants are on month-to month leases with rents currently below market rates, providing flexibility for renegotiation or repositioning of the tenant mix. With the area's increasing demand for retail space and the opportunity to raise rents to market levels, this investment offers significant upside potential through increased cash flow and enhanced property value.
compelling value-add investment opportunity, priced at $59 per square foot. The property includes a 6,000 square foot vacancy, offering immediate lease up potential in a growing market. The remaining tenants are on month-to month leases with rents currently below market rates, providing flexibility for renegotiation or repositioning of the tenant mix. With the area's increasing demand for retail space and the opportunity to raise rents to market levels, this investment offers significant upside potential through increased cash flow and enhanced property value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,062 SF
Building Class
B
Year Built
1965
Price
$1,580,095 CAD
Price Per SF
$87 CAD
Cap Rate
4.02%
NOI
$63,520 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.23 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
45 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 08-2S-30-4001-002-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $754,679 CAD |
PROPERTY TAXES
Parcel Number
08-2S-30-4001-002-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$754,679 CAD
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