1500 W Main St, Unit Pensacola Pensacola, FL 32502
Long-term tenant, renewed lease, development potential in downtown Pensacola.
Property size:
51 SFProperty Features for 1500 W Main St
General Information
- Size
- 51 SF
Source:
Cbcworldwide
Listing Agent: Michael Mangrum
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pensacola Investment Opportunity with Development Potential
This property presents an investment opportunity with future development potential. It is currently occupied by a long-term, established building supply operator. The tenant has recently renewed their lease for an additional 10 years, with three five-year options. The current net operating income (NOI) provides a return from an established tenant, featuring annual increases and no owner responsibilities. Located on the west side of Downtown Pensacola, the 51-square-foot property may be a suitable redevelopment site in the future. The property offers a return and is priced below current land value.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Builders First Source
Window Supplier
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2336867
- Latitude
- 30.4051206
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Long-term tenant, renewed lease, development potential in downtown Pensacola.
Where is this retail property located?
The property is located at 1500 W Main St, Unit Pensacola Pensacola, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: - Long-term lease (10 years + 3 five-year options) with an established tenant.; - Healthy current Net Operating Income (NOI) return.; - Annual rent increases with no owner responsibility.