1720 N Pace Blvd Pensacola, FL 32505
Storage facility with diversified unit mix and expansion opportunity.
Property size:
16,858 SFLot size:
2.22 AcresProperty Features for 1720 N Pace Blvd
General Information
- Size
- 16,858 SF
- Lot size
- 2.22 Acres
Source:
Moodyscre
Listing Agent: Chris Travis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pensacola Storage Facility with Expansion Potential
This property is a self-storage facility located on North Pace Boulevard, benefiting from high visibility with an average annual daily traffic count of over 19,800 vehicles. The surrounding area has a dense population, with over 141,000 residents within a 5-mile radius. The facility features a diversified unit mix, including traditional drive-up units, two parking lots, and an office complex containing four commercial spaces. Recent upgrades include a replaced office roof, new A/C units, and a sealed and coated self-storage roof, with plans to complete this process on the remaining two buildings. There is an opportunity to standardize and raise below-market rents, as well as retrieve rental income from uncollected units. The property includes approximately 1.4 acres of dedicated open-field parking, presenting an expansion opportunity for boat and RV parking or additional storage buildings. The property size is 16,858 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2400977
- Latitude
- 30.4305811
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FAQs
What type of property is this?
Self storage facility - Storage facility with diversified unit mix and expansion opportunity.
Where is this self storage facility located?
The property is located at 1720 N Pace Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Expansion Opportunity: Approximately 1.4 acres of open-field parking offers potential for boat & RV parking expansion or additional storage buildings.; - Excellent Visibility & Demographics: Located on North Pace Boulevard with high traffic count and a large residential population nearby.; - Upside Potential: Increase revenue by standardizing and raising below-market rents, and collecting income from currently uncollected units.