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    OFF-MARKET
    Retail properties & Spaces

    4375 5Th Ave, Pace, FL 32571

    12,000 SF 1.24 ac lot Built 2006
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2006
    Total area 12,000 SF
    Lot 1.24 ac (54,014 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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