$2,010,000
Pensacola, FL 32503
MLS# 800871
Status: Sold
1 / 30
Property Description
Current use is 50,180 SF Neighborhood Shopping Center. The facility was renovated in 2006 and features 4.71 AC+/- positioned on the Southeast quadrant of the I-110/Fairfield Drive Exit. The subject property is a hard corner land tract, favorably zoned C-1 with a signalized light at the Davis exit and again at the intersection of Fairfield Drive & Davis Hwy. Median Cut, Decel Lanes and 4 Driveways allow superior access. The asphalt parking lot is in good condition, the building is a block structure with a brick and glass storefront faade. The units have 10FT Ceilings height, front and rear entrances, some units have roll up doors with loading docks. * 2017 Total Income- $216,779.09 * Under performing center with a lot of upside potential and out parcel possibilities.
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2018-06-11
List Price: $2,500,000
Location, Tax and Legal
Sub Area: 0802 - 32503
Property Name: Highland Terrace Shopping Cent
Legal Description: In file.
General Property Info
Listed on GCCMLS: Yes
Lot Depth: 594
Zoning: C-1
Lot Frontage: 1017
Acreage: 4.71
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Current use is 50,180 SF Neighborhood Shopping Center. The facility was renovated in 2006 and features 4.71 AC+/- positioned on the Southeast quadrant of the I-110/Fairfield Drive Exit. The subject property is a hard corner land tract, favorably zoned C-1 with a signalized light at the Davis exit and again at the intersection of Fairfield Drive & Davis Hwy. Median Cut, Decel Lanes and 4 Driveways allow superior access. The asphalt parking lot is in good condition, the building is a block structure with a brick and glass storefront faade. The units have 10FT Ceilings height, front and rear entrances, some units have roll up doors with loading docks. * 2017 Total Income- $216,779.09 * Under performing center with a lot of upside potential and out parcel possibilities.
Class
Retail: 1
Construction Status
Existing: 1
Retail
# of Units: 1
None
Current Price: $2,010,000
Status Change Info
Status: Sold
Under Contract Date: 2018-06-20
Sold Date: 2019-01-07
Sold Price: $2,010,000
Location Tax and Legal
Area: 08 - Escambia County
Street #: 3850
Street Direction: N
Street Name: Davis
Street Suffix: Highway
State: FL
Zip Code: 32503
County: Escambia
Parcel ID: 042S302050001008
Property Features
Class: Retail
Construction Status: Existing
Supplements
* Incredible redevelopment potential for medical/office development. * Planning and Zoning Building Height Allowed on Site -150' * Out Parcel Potential * Hard Corner Postioned Property at Lighted intersction of Davis Hwy and Fairfield Drive. The subject property has four access driveways for easy access and there is truck access all the way around the center for transporation circulation. The building has been perfectly positioned to allow for maximum land use. The asphalt parking lot is in good condition with a 4.92/1000 ratio, lighted parking lot. Median Cut In Place Decel In Place 4.71 AC +/- On Bus Line Pylon signage Loading Ramps The Subject Property is Surrounded by High Volume Sales Medical, Business Trade and Office Professionals Planning and Zoning Building Height Allowance – 150FT
Listing Office: NAI Pensacola
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
