Freestanding HC/LI Flex
3670 North L Street Pensacola, FL 32505
3670 North L Street, Pensacola, FL, 32505
$1,299,000
For Sale
$1,299,000
Freestanding 12,000 SF building zoned HC/LI with an expansive 1.8-acre outdoor storage laydown yard.
Property Size12,000 SF
Lot Size2.34 Acres
Price / SF$108.25
Days on Market112
Property Features for 3670 North L Street
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 2.34 Acres
- Property subtype
- Retail
Listing agency
Bellcore Commercial
(850) 240-0527
Listed by
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source
Bellcorecommercial
Added: Apr 1 Updated: Jul 20 at 9:14PM Checked: Jul 21 at 5:11AM
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 Bellcore Commercial
Investment Insights
Based on property information with market context.
This freestanding commercial property includes a 12,000 SF building and an expansive 1.8-acre outdoor storage laydown yard. The site totals approximately 2.34 acres and is zoned HC/LI, supporting a range of retail, light industrial, and commercial use types.
The property is positioned on the corner of North L Street and West Herman Street, providing a prominent location for tenants or owners seeking a flexible setup that combines interior space with substantial outdoor storage.
Ownership options are flexible and can accommodate the building, the yard area, or the entire site based on strategy.
The property is positioned on the corner of North L Street and West Herman Street, providing a prominent location for tenants or owners seeking a flexible setup that combines interior space with substantial outdoor storage.
Ownership options are flexible and can accommodate the building, the yard area, or the entire site based on strategy.
Key Highlights
- Freestanding 12,000 SF building zoned HC/LI (highway commercial/light industrial).
- Expansive 1.8‑acre outdoor storage laydown yard for flexible operational needs.
- Site includes approximately 2.34 acres total, combining building and yard area.
Local 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 | $108.0k | $9.00 |
| − Vacancy | −$11.3k | −$0.95 |
| EGI | $96.7k | $8.06 |
| − OpEx | −$29.0k | −$2.42 |
| NOI | $67.7k | $5.64 |
12,000 SF · lease $9.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.70M – $2.27M
NOI $135,953 @ 7.0% cap · market cap 10.47%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,626 @ 7.0% cap · market cap 10.44%
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,529 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Go Store It ...
Storage Facility
Rehabilitation & Reemployment
State Government Office
Harrison Hair Bows ...
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Costal Cajun Cuisine — 4024 N Davis Hwy, Pensacola, FL 32503
- Cordero's Southern Swang Catering — North W Street, Pensacola, FL 32505
FAQs
What type of property is this?
Flex space - Freestanding 12,000 SF building zoned HC/LI with an expansive 1.8-acre outdoor storage laydown yard.
Where is this flex space located?
The property is located at 3670 North L Street Pensacola, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Freestanding 12,000 SF building zoned HC/LI (highway commercial/light industrial).; Expansive 1.8‑acre outdoor storage laydown yard for flexible operational needs.; Site includes approximately 2.34 acres total, combining building and yard area.
