Pensacola Convenience Store
For Sale
$900,000
1167 COLLEGE BOULEVARD, Pensacola, FL 32504
Convenience store for sale in Pensacola, Florida.
Property Size2,720 SF
Lot Size0.48 Acres
Price / SF$330.88
Days on Market701
Property Features for 1167 COLLEGE BOULEVARD
General Information
Standard status
Active
Size
2,720 SF
Lot size
0.48 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$6,341
Building Details
Year Built
1985
Listing Agency:
KELLY RIGHT REAL ESTATE
(813) 321-2282
Listed By:
Samih Sadiq · License #3577381
(407) 666-7699
Source:
Exitrealty
Added: Nov 14, 2024
Changed: Oct 10
Last Checked: Oct 9 at 7:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLY RIGHT REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A convenience store is available for purchase at 1167 College Boulevard, Pensacola, FL 32504. The property includes a 2,720 square foot building situated on a 0.482-acre lot. The location offers strong visibility, convenient access, and steady traffic flow within a highly active area. The site features ample parking and a functional layout. The property is suitable for investors or owner-operators and offers potential for expanded retail offerings or service enhancements. This Pensacola location presents significant long-term growth and income potential.
Key Highlights
- Prime location at 1167 College Boulevard, Pensacola, FL 32504, offering strong visibility and convenient access.
- 2,720 sq ft building on a 0.482‑acre lot.
- Steady traffic flow in a highly active area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,525
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,500
$650.5K
Cap Rate 7%
$464,643
$464.6K
Cap Rate 9%
$361,389
$361.4K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$47.3K $17.40/SF
− Vacancy
−$4.0K −$1.46/SF
EGI
$43.4K $15.94/SF
− OpEx
−$10.8K −$3.99/SF
NOI
$32.5K $11.96/SF
Area
Escambia County, FL
Vacancy
8.37%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,500
Cap Rate 7%
$464,643
Cap Rate 9%
$361,389
Alternative Uses
Best Use
Specialty Retail
$464.6K
$406.6K – $542.1K
NOI $32,525 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$439.2K
$384.3K – $512.4K
NOI $30,742 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$798.3K
$698.5K – $931.3K
NOI $55,880 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
128k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 63%
Dining 30%
Hotels & Casinos 6%
Shops & Services 2%
DICK'S Sporting Goods
Apparel
80,821 visits/mo
0.5 miles
Steak 'n Shake
Dining
29,831 visits/mo
0.4 miles
Bonefish Grill
Dining
7,489 visits/mo
0.4 miles
Hyatt Place
Hotels & Casinos
5,628 visits/mo
0.1 miles
Homewood Suites-Pensacola Int'l
Hotels & Casinos
1,619 visits/mo
0.3 miles
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Target Grocery — 4711 Bayou Blvd, Pensacola, FL 32503
- The Fresh Market — 1650 Airport Blvd Suite 400, Pensacola, FL 32504
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience store for sale in Pensacola, Florida.
Where is this grocery and convenience store located?
The property is located at 1167 COLLEGE BOULEVARD Pensacola, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location at 1167 College Boulevard, Pensacola, FL 32504, offering strong visibility and convenient access.; 2,720 sq ft building on a 0.482‑acre lot.; Steady traffic flow in a highly active area.
