1500 W Main St Pensacola, FL 32502
NNN investment with redevelopment potential near Downtown Pensacola.
Property size:
51,600 SFLot size:
7.57 AcresProperty Features for 1500 W Main St
General Information
- Size
- 51,600 SF
- Lot size
- 7.57 Acres
Source:
Moodyscre
Listing Agency: Coldwell Banker Commercial Realty Listing Agent: Michael Mangrum
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pensacola Retail Investment Opportunity
This property is a NNN investment opportunity with potential for future development. It is currently occupied by a long-term building supply operator. The tenant has recently renewed their lease for an additional 10 years, with three 5-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 51,600 square foot property may be suitable for redevelopment in the future. The property is being offered at a price below current land value.
Location Intelligence
Current Use by Public Records
Builders First Source
Building Materials Store
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?
NNN property - NNN investment with redevelopment potential near Downtown Pensacola.
Where is this nnn property located?
The property is located at 1500 W Main St 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 NNN lease with established tenant provides stable income and no owner responsibility.; - Future redevelopment potential on the West side of Downtown Pensacola.; - Tenant recently renewed lease for 10 years with 3 five-year options.