6508-6516 W Jackson St - Storefront FOR SALE


Pensacola, FL 32506- Outer Southwest Pensacola
$1,569,696 USD
850-291-3341
6508-6516 W Jackson St, Pensacola, FL for Sale
$1,569,696 USD
Storefront - FOR SALE
1/21
null | 7.58% Cap Rate

6508-6516 W Jackson St
Pensacola, FL 32506
Outer Southwest Pensacola


OVERVIEW

Market Place Plaza is 88% occupied with long-term tenants, fresh improvements, and a high-demand vacancy ready to lease. Bonus: includes an expansion parcel 7.6% CAP Rate I $119K NOI Property is being SOLD on Comparable Approach to Value: Income Listed Below: UNIT 6508 Global Mart SuperMarket - 5-Yr Term 5,000 SF $10 PSF NNN $5000 PSF BASE - $664.25 NNN UNIT 6510/ 6512/6516 $3,900 per month UNIT 605 65th $1,030 per month NOI $119,160 Strategically positioned at the signalized corner of Jackson Street and 65th Avenue, this fully renovated 18,912 SF multi-tenant retail center is situated on a 2.45-acre parcel in one of Pensacola’s most established corridors. Zoned HCD and offering five access drives, full drive-around capability, and excellent frontage, this asset is ideal for investors or owner-users seeking a turnkey opportunity with upside. • Recently upgraded: new roof, HVAC, electrical & plumbing systems • Fresh exterior/interior finishes, updated signage, and resurfaced parking lot • Flexible layout with strong visibility and access • Two long-term tenants in place: – Sonlight Christian Center (tenant since 2015) – AA Chapter (tenant since 2001) • New Global Market SuperMarket - 5-YR Term • Ideal for owner-occupier seeking passive income from existing tenants or 1031 Buyer targeting sub-$2 M retail with expansion land and proven tenant history. Demographics: POP - 120,985 5-MI Radius Employees- 78,671 - 5 MI Radius TOTAL BUSINESS SALES $8,408,964,000 5-MI Radius Sale includes an adjacent vacant parcel offering future development or expansion potential. The property is currently on certified septic systems with future sewer access planned through Escambia County’s Jackson Street corridor revitalization project—which includes new roads, sidewalks, lighting, and landscaping enhancements

FOR SALE DETAILS

PRICE

$1,569,696 USD

PRICE/SF

$81 USD /SF

CAP RATE

7.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

West Jackson Square Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

HCD

APN/PARCEL ID

11-2S-31-6500-000-015

ASK ABOUT THIS PROPERTY

Cameron CauleyNAI PensacolaMore Info
850-291-3341

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Cameron CauleyNAI PensacolaMore Info
850-291-3341

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