5043 Bayou Blvd - Medical FOR SALE


Pensacola, FL 32503- Southeast Pensacola
$2,828,000 USD
850-380-0877
5043 Bayou Blvd, Pensacola, FL for Sale
$2,828,000 USD
Medical - FOR SALE
1/7
null | 7.5% Cap Rate

5043 Bayou Blvd
Pensacola, FL 32503
Southeast Pensacola


HIGHLIGHTS

  • Highly visible property: passed by 24,500 daily drivers via Bayou Blvd.
  • Populations of 61,700 live within 3-square miles of the property: median household income for this population equals $52,100.
  • Amenities within walking distance include Chick-fil-A and Starbucks: additional retailers include Publix, Olive Garden, Office Depot, and more.

OVERVIEW

Discover an exceptional investment opportunity in the heart of Pensacola's premier corridor! This fully leased commercial property is a testament to quality and stability, featuring long-term, creditworthy tenants—some of whom have been in place for over 15 years—with leases ranging from 5 to 10 years. Over the past 18 months, the property has undergone over $1,000,000 in capital improvements, ensuring it remains a top-tier investment. Enhancements include a brand-new lighted pylon sign, a new roof, new gutters, upgraded exterior lighting and comprehensive landscaping updates, such as a retaining wall, sod, French drains, shrubs, and mulch. This property is not only a solid investment but also a cornerstone in one of Pensacola's most sought-after areas. Please note that there is a billboard on the premises, which is not included in the current sales price but is available for purchase separately. Don’t miss this chance to secure a thriving, low-maintenance investment in a prime location!

FOR SALE DETAILS

PRICE

$2,828,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cordova Complex

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C-1

APN/PARCEL ID

33-1S-30-7200-000-023

ASK ABOUT THIS PROPERTY

Mehdi MoeiniBay City RealtyMore Info
850-380-0877

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Mehdi MoeiniBay City RealtyMore Info
850-380-0877

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