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Property profile & analytics

5406 Lillian Hwy Pensacola, FL 32506

  • Office Properties & Spaces
  • 3,496 SF
  • 1.00 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Myrtle Grove Head Start and Early Head Start Center / High School / Daycare Center
  • Myrtle Grove Family Advocate / Charitable Organization / Social Service Agency

Property Details for 5406 Lillian Hwy

Lot size
1.00 lot acres
Property size
3,496 SF
Property type
Office Properties & Spaces

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Pensacola
County
Escambia
State
Florida
Longitude
-87.2911
Latitude
30.4267
More about this property
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