2515-2517 Cervantes St - Storefront FOR SALE


Pensacola, FL 32505- South Pensacola
$559,000 USD
850-393-9455
2515-2517 Cervantes St, Pensacola, FL for Sale
$559,000 USD
Storefront - FOR SALE
1/2
null | 10.73% Cap Rate

2515-2517 Cervantes St
Pensacola, FL 32505
South Pensacola


OVERVIEW

Great site near downtown Pensacola on Cervantes Street for retail or restaurant. One unit is leased out to a Nail Shop on a 5 year lease paying $2500/mth. Potential income of a minimum of $2500/mth for the other side. Open floorplan with high ceilings and lots of lighting from windows Current owner started remodeling the East side for a restaurant. Some plumbing and framing has been done, but needs to be completed. Some roofing repairs needed, and build-out needed, thus the aggressive pricing for such a large building. Large parking lot to the east of the building is also included with the property. It can fit approx. 25 cars. Some employee parking can be allowed behind the building in the fenced in back yard. Schedule a tour of this versatile building today.

FOR SALE DETAILS

PRICE

$559,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

10.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C-3

APN/PARCEL ID

00-0S-00-9060-005-195

ASK ABOUT THIS PROPERTY

David WuAlliance Real EstateMore Info
850-393-9455

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David WuAlliance Real EstateMore Info
850-393-9455

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