810 N Pace Blvd - Freestanding FOR SALE


Pensacola, FL 32505
$825,000 USD
423-240-0064
810 N Pace Blvd, Pensacola, FL for Sale
$825,000 USD
Freestanding - FOR SALE
1/4
null | 7.2% Cap Rate

810 N Pace Blvd
Pensacola, FL 32505


HIGHLIGHTS

  • New Roof - 12/2024

OVERVIEW

Two years left on existing lease (exp 12-31-26). One five year option with 7.4% rent increase. New roof installed 12-2024, 20-year transferable warranty Parking lot re-striped 12-2024 Owned since 2002 Excellent tenant/excellent retail location Current Phase I available upon request Lease and renewal option available upon request Tenant responsible for general upkeep, landscaping, yearly A/C maintenance contract, liability and casualty insurance, all taxes, AC repairs up to $500, then 1/2 AC repair cost over $500 Landlord responsible for roof, drains, parking lot and 1/2 AC repairs over $500.00

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C3

APN/PARCEL ID

00-0S-00-9060-061-135

ASK ABOUT THIS PROPERTY

John Lawton810 North Pace BlvdMore Info
423-240-0064

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John Lawton810 North Pace BlvdMore Info
423-240-0064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.