Occupied Retail Investment
For Sale
Contact for pricing
2303 West Michigan Avenue, Pensacola, FL 32526
Retail property offered for sale with 100% occupancy and below-market rents.
Property Size13,732 SF
Price / SF$91.03
Days on Market53
Property Features for 2303 West Michigan Avenue
General Information
Standard status
Active
Size
13,732 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$65,479
Financials
Cap Rate
8.51%
Business Included
Yes
Building Details
Year Built
1995
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Connor Rollins · License #3599650
Source:
Crexi
Added: Jul 2
Changed: Aug 11
Last Checked: Aug 21 at 8:57PM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale retail investment property is offered with 100% occupancy and below-market rents, giving an investor-buyer a straightforward view of current in-place performance. The property is sized at 13,732 total square feet and is presented as an income-generating retail asset.
The property is located at 2303 West Michigan Avenue in Pensacola, Florida (ZIP 32526). It is being marketed as a fully leased retail offering, designed for buyers looking to acquire an occupied retail position rather than a vacant asset.
For tenants, buyers, and brokers evaluating retail real estate, the key operational takeaway is that the space is already occupied, which can reduce near-term downtime associated with leasing. For prospective investors, the listing highlights below-market rents as a central consideration for underwriting and tenant discussions. Interested parties should review the specific lease terms, rent rolls, and any operating details available as part of their due diligence.
The property is located at 2303 West Michigan Avenue in Pensacola, Florida (ZIP 32526). It is being marketed as a fully leased retail offering, designed for buyers looking to acquire an occupied retail position rather than a vacant asset.
For tenants, buyers, and brokers evaluating retail real estate, the key operational takeaway is that the space is already occupied, which can reduce near-term downtime associated with leasing. For prospective investors, the listing highlights below-market rents as a central consideration for underwriting and tenant discussions. Interested parties should review the specific lease terms, rent rolls, and any operating details available as part of their due diligence.
Key Highlights
- Retail property built in 1995
- 100% occupied with below‑market rents
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,724 visits/mo
0.2 miles
Demographics for 32526, FL
43,029
Population
18,478
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
58.4 sq mi
ZIP Area
737
Density / Sq Mi
$71,651
Median Household Income
$40,565
Median Earnings
$1,287
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property offered for sale with 100% occupancy and below-market rents.
Where is this retail space located?
The property is located at 2303 West Michigan Avenue Pensacola, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Retail property built in 1995; 100% occupied with below‑market rents
