701 E Nine Mile Rd - Freestanding FOR SALE


Pensacola, FL 32514- Ensley
$1,000,450 USD
689-666-9560
701 E Nine Mile Rd, Pensacola, FL for Sale
$1,000,450 USD
Freestanding - FOR SALE
1/4
null | 9% Cap Rate

701 E Nine Mile Rd
Pensacola, FL 32514
Ensley


HIGHLIGHTS

  • Costco Development: Green Dragon is sitting just 0.8 miles from a future Costco Development which is the brand’s first store in the Florida Panhandle.
  • University Proximity: The University of West Florida and its 15,000 students are just 2.5 miles from the subject property.
  • Affluent Demographics: Within 5 miles, there are more than 112,000 residents with an average household income of nearly $95,000.

OVERVIEW

STNL.com is pleased to present for sale a 100% fee simple, single-tenant Green Dragon property located in Pensacola, FL. 1. Major university proximity: Green Dragon’s location is just 2.5 miles from the University of West Florida. The 1,600-acre campus is home to nearly 15,000 students and this consistent daily traffic and young consumer base can support retail in this area for decades to come. 2.First Costco in Pensacola: Costco has received final approval to develop a 172,580 square foot warehouse and fuel station along Nine Mile Road, the first of its kind in the Pensacola market. This warehouse will be 0.8 miles from the subject property and will drive substantial additional traffic to the immediate trade area. 3.Dense and Affluent Population Base: The property is positioned in the heart of a thriving corridor supported by a large and prosperous consumer base. Within a 5-mile radius, more than 112,000 residents call this area home, with average household income approaching $95,000.

FOR SALE DETAILS

PRICE

$1,000,450 USD

PRICE/SF

$400 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,196 SF

ZONING

C

APN/PARCEL ID

12-1S-30-1001-007-001

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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

Mark ThompsonSTNL.comMore Info
689-666-9560

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