Single-Story Industrial
2320 Town Street Pensacola, FL 32502
For Sale
$760,000
Single-story industrial facility with adaptable floor plan, generous ceiling heights, loading zones, and ample on-site parking.
Property Size10,053 SF
Price / SF$75.60
Days on Market15
Property Features for 2320 Town Street
General Information
- Standard status
- Active
- Size
- 10,053 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1959
Listing Agency:
NAI Pensacola
(850) 207-7900
Listed By:
Jenny Pittman · License #FL #BK3439353
(850) 207-7900
Source:
Naiglobal
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 5:28AM
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 NAI Pensacola
Investment Insights
Based on property information with market context.
2320 Town Street is a single-story industrial warehouse offering a flexible interior layout intended for a range of operational uses. The facility includes generous ceiling heights and resilient finishes, supporting light assembly, fulfillment, or distribution activities. Large loading and circulation zones are designed for efficient freight handling, and the site includes ample parking to support employee and delivery needs.
The property is positioned in mid-city Pensacola and provides straightforward access to I-10. It also benefits from proximity to regional suppliers and parts providers, supporting ongoing supply and operations for businesses that serve broader distribution needs.
The overall configuration is intended to streamline day-to-day workflows, with durable construction and infrastructure described as ready for immediate occupancy.
The property is positioned in mid-city Pensacola and provides straightforward access to I-10. It also benefits from proximity to regional suppliers and parts providers, supporting ongoing supply and operations for businesses that serve broader distribution needs.
The overall configuration is intended to streamline day-to-day workflows, with durable construction and infrastructure described as ready for immediate occupancy.
Key Highlights
- 10,053‑square‑foot single‑story industrial facility with an adaptable interior layout
- Generous ceiling heights to support racking and material handling
- Durable construction and ready infrastructure for immediate occupancy
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.5k | $9.00 |
| − Vacancy | −$9.5k | −$0.95 |
| EGI | $81.0k | $8.06 |
| − OpEx | −$24.3k | −$2.42 |
| NOI | $56.7k | $5.64 |
10,053 SF · lease $9.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.10M
$959.6K – $1.28M
NOI $76,768 @ 7.0% cap · market cap 10.10%
Second Best
Industrial
$809.8K
$708.6K – $944.7K
NOI $56,684 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,529 @ 7.0% cap · market cap 27.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Scapin Electric Co.
Electrical Service
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FAQs
What type of property is this?
Warehouse - Single-story industrial facility with adaptable floor plan, generous ceiling heights, loading zones, and ample on-site parking.
Where is this warehouse located?
The property is located at 2320 Town Street Pensacola, FL.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 10,053‑square‑foot single‑story industrial facility with an adaptable interior layout; Generous ceiling heights to support racking and material handling; Durable construction and ready infrastructure for immediate occupancy
