Current Use by Public Records
- Retail properties & Spaces
Property Details for 4612 Us-90
- Year built
- 1979
- Lot size
- 2.23 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 2.23-acre retail pad site in Pace, Florida, presents a lucrative investment opportunity. Located at the highly visible intersection of US-90 and East Spencer Field Road, this property boasts over 44,000 vehicles per day. Currently occupied by Hancock Bank and Jimmy John's, the site features a recently renovated 8,861 square foot building and ample parking (97 spaces). Infrastructure is in place for an additional 5,400 square feet of retail or restaurant space, with the possibility of a drive-through. The site offers excellent ingress/egress and is surrounded by numerous national retailers, including Target, Publix, Home Depot, and Lowe's. Recent improvements include new landscaping, a pylon sign, and parking lot resurfacing. The property is available for purchase at $849,000, or a ground lease is available for $79,000 per year. Build-to-suit options are also available with negotiable lease rates. The property is zoned HCD and has a total lot size of 2.23 acres. The existing building was constructed in 1979 and underwent renovations in 2018. This prime location in a rapidly growing community offers significant potential for future growth and return on investment. The property's APN is 11-1N-29-0000-03000-0000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pace
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.1312
- Latitude
- 30.6044
