4021 North St Pensacola, FL 32505
- Warehouses
- 4,510 SF
- 0.40 lot acres
Current Use by Public Records
- Krispy Krunchy Chicken / Chicken Restaurant
- Save A Penny Market II / Convenience Store / Grocery Store
- CoinFlip Bitcoin ATM / Investment Service / Money Transfer Service
Property Details for 4021 North St
- Year built
- 1987
- Lot size
- 0.40 lot acres
- Property size
- 4,510 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional mixed-use property in Pensacola, Florida, presents a lucrative investment opportunity. Located at 4021 North W Street, this 4,510 square foot building sits on a 0.403-acre lot and boasts a 7% cap rate. Built in 1987, the property currently operates as a 100% occupied convenience store with additional warehouse space and storefront capabilities. The zoning is HC/LI, allowing for a variety of uses. Features include a well-functioning deli, beauty supply section, ample parking (over 10 cars), a manager's office with an en-suite bathroom, a standard restroom, and a dedicated storage room. The asking price is $1,200,000 ($266.08/sq ft). The sale includes the building, fixtures, furniture, and equipment (FF&E), and goodwill. A separate appraisal will determine the value of the existing inventory. The property's versatility allows for continued operation as a multi-use retail space, potential conversion into a drive-thru restaurant, or leasing to multiple tenants. This prime location and flexible zoning make it an ideal investment for discerning buyers seeking strong returns and diverse operational possibilities. The property is zoned for HC/LI use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2513
- Latitude
- 30.4514
