4375 5Th Ave, Pace, FL 32571
This 1,275 square foot retail or office space is the last available unit in the Bostics Fifth Avenue Center, a 12,000 square foot multi-tenant building located at 4375 5th Ave, Pace, FL 32571. The property, built in 2006, sits on 1.24 acres of land and features a total of 10 suites. This particular suite boasts an open-concept design, previously used as a hair salon and retail boutique, including two wash stations, a changing area, dedicated hair stations, and a retail sales area. Large storefront windows provide ample natural light. The building offers 60 parking spaces for tenants and customers. The property is zoned HCD and enjoys a prime location along Highway 90, a high-traffic corridor with 35,000 vehicles passing daily, ensuring excellent visibility. The surrounding area is a thriving retail hub, with major retailers like Walmart, Target, Lowe's, and Home Depot nearby. The strong local economy is evidenced by the $2,001,632,000 in gross sales generated within a five-mile radius in 2024 by 2,197 businesses employing 17,876 individuals. This presents a unique opportunity for businesses seeking high visibility and access to a robust consumer base in the Pensacola, Ferry Pass submarket of Santa Rosa County. The property's APN is 23-1N-29-1240-05400-0010.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.