6451 North St Pensacola, FL 32505

Property Details for 6451 North St

Lot size

2.54 lot acres

Property size

14,014 SF

Property type

Office Properties & Spaces

Description

This exceptional Class A office building, totaling 14,014 square feet, presents a unique investment opportunity in Pensacola, Florida. Located at 6451 North W Street, this single-tenant property sits on a 2.54-acre lot and boasts 130 paved parking spaces, designed to accommodate high-volume traffic. Currently occupied under an absolute net (NNN) lease expiring December 31, 2024, this provides immediate income potential while allowing for future renovations or repurposing. The building's former use as the Escambia County Tax Collector's office highlights its suitability for businesses requiring high traffic flow and accessibility. Features include a four-lane drive-through with an after-hours drop box, convenient ingress/egress from W Street and Marcus Pointe Boulevard (including a lighted intersection at the side entrance), and a fully functional backup generator. The asking price is $2,200,000, translating to $156.99 per square foot. Detailed financials are available upon execution of a confidentiality agreement. The property's versatility allows for various uses, including a large single-tenant office, multiple suites, or executive office spaces. This presents a compelling opportunity for investors seeking a strong return on investment in a prime Pensacola location. The property is also available for lease at $14.75 per square foot plus NNN, with occupancy available January 1, 2025.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Longitude

-87.2585

Latitude

30.4802