5406 Lillian Hwy Pensacola, FL 32506
This 3,496 square foot office building, located at 5406 Lillian Highway, presents a unique opportunity for a prospective tenant. The property sits on one acre of land and is classified as a Class C building. Currently, the entire space (3,496 square feet) is vacant and available for lease. The building's previous use was as a YMCA, resulting in a mostly open floor plan. Existing features include an office, storage area, and restrooms. However, the property requires some renovations. Specifically, the building needs new wiring and plumbing repairs, along with other unspecified work. For a qualified tenant, the owner is willing to undertake these necessary repairs and incorporate the cost into the lease terms through amortization. This presents a chance to acquire a sizable office space at a potentially advantageous price point, considering the owner's willingness to contribute to renovations. The flexible layout allows for customization to suit a variety of business needs. The one-acre lot offers ample space for parking or future expansion. This property is ideal for a business seeking a large, adaptable space with potential for significant cost savings through negotiated renovations. Serious inquiries are encouraged.
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Myrtle Grove Head Start and Early Head Start Center High School Daycare Center
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Myrtle Grove Family Advocate Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.