8812 Palafox

Pensacola, FL 32534 | No submarkets found in this County.

$1,400,000

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1.79 acres

Listing Courtesy of

Tracey Nicolai

Description

The ten units range from 650 to 2900 square feet. Don't miss this leased rental/office center. This property is a huge opportunity for an investor. The owner has taken great care of the building and needed maintenance. This property additionally has a house next to the investment property. Current rates are $725 lowest single unit to $3200 for a double unit. Power is delivered from the street. The building is on ECUA Sewer and Water System but not individually monitored. Headers on the east half of the north wing are continuous across the parking lot side. The front of those suits could have storefront glass units framed. Insulation is R-38 12" in the attic and R-13 3 5/8" in the walls. The ceilings have acoustical ceilings. The balance of that wing having sheetrock ceilings, the east wing has sheetrock as well. The north bay and work area of both automotive shops have high bay acoustical ceilings., while the ceilings of the offices of both of those buildings are sheetrock. Both of the mechanical shops are structural steel buildings. All other wings, i.e., east and north are framed buildings. The roof of all buildings are 26 gauge(R) panels. All exterior glass is double-pane glass. The large front window in the east wing next to the house is 9/16" laminated glass that used to be a pharmacy. The glass is an all but non-breakable $6,300 piece of glass. A total of 10 heatpump/HVAC units. The salon's unit was replaced with a complete mechanical unit. Electric meters on each unit and one on the marquee for a total of 10 meters. 6' privacy fencing which includes the entire east boundary and one-half of the south boundary; the balance of the south fence is 4' chain link. This fencing separates the house from the commercial buildings. These are repairs that have recently been performed: Overhead LED Cobra lights in the parking lot; new toilets in both mechanic shops; all fasteners on the north wing roof; newly rebuilt and rewired big marquee sign for shopping center; 8-9 exterior doors replaced; the front of the auto shop ac was replaced; 2016 the house on Hood Drive was completely redone including plumbing, electrical, sheet rock, and hardwood floors. All of the units have been freshly painted.

Property Details

Property Type Retail-Commercial Status Active MLS # 30803896

structure

Total Baths 0 building name Homeplace Square stories 1 stories total 1 year built 1990

characteristics

frontage type 287.5 Acres 1 lot size area 1.79 lot size units acres # of Buildings 10

tax

zoning description County MSTU Community Shopping Center zoning County MSTU Community Shopping Center

contract

listing terms Cash to Seller, Bank Financing

compensation

Non-Rep Comp. 0
The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.