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    4612 Us-90 Pace, FL 32571

    Sponsored
    For Sale
    $849,000

    High-traffic location, build-to-suit option.

    Property size:
    8,861 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.23-acre retail pad site in Pace, Florida, presents a lucrative investment opportunity. Located at the highly visible intersection of US-90 and East Spencer Field Road, this property boasts over 44,000 vehicles per day. Currently occupied by Hancock Bank and Jimmy John's, the site features a recently renovated 8,861 square foot building and ample parking (97 spaces). Infrastructure is in place for an additional 5,400 square feet of retail or restaurant space, with the possibility of a drive-through. The site offers excellent ingress/egress and is surrounded by numerous national retailers, including Target, Publix, Home Depot, and Lowe's. Recent improvements include new landscaping, a pylon sign, and parking lot resurfacing. The property is available for purchase at $849,000, or a ground lease is available for $79,000 per year. Build-to-suit options are also available with negotiable lease rates. The property is zoned HCD and has a total lot size of 2.23 acres. The existing building was constructed in 1979 and underwent renovations in 2018. This prime location in a rapidly growing community offers significant potential for future growth and return on investment. The property's APN is 11-1N-29-0000-03000-0000.

    Property Features for 4612 Us-90

    General Information

    Property type
    Restaurants
    Square Feet
    8,861 SF
    Lot Size
    97,139 SF

    Building Details

    Year Built/Renovated
    1979/2018

    HighLights

    • Newly redeveloped pad site ready for up to 5,400 SF of retail/restaurant space, including drive‑thru potential.
    • Prime pad site in a high‑growth Florida community.
    • High visibility corner location with over 44,000 vehicles per day.
    • Ample parking (97 spaces, 11 per 1,000 SF) and excellent access.
    • Negotiable build‑to‑suit rates.
    • $849,000 sale price or $79,000 annual ground lease available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pace
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1311837
    Latitude
    30.60436

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, build-to-suit option.
    Where is this restaurant located?
    The property is located at 4612 Us-90 Pace, FL.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Newly redeveloped pad site ready for up to 5,400 SF of retail/restaurant space, including drive-thru potential.; Prime pad site in a high-growth Florida community.; High visibility corner location with over 44,000 vehicles per day.
    Request Owner's contact information
    4612 Us-90 Pace, FL 32571
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    Pace, FL 32571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4612 Us-90 Pace, FL 32571
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