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    OFF-MARKET
    Community centers

    1612 Pace Blvd, Pensacola, FL 32505-6051

    31,504 SF 2.12 ac lot Built 1957
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-4877326
    Property summary
    AI-generated overview

    This exceptional retail property, located at 1612 N Pace Boulevard in Pensacola, Florida, offers 10,000 square feet of recently renovated space within a larger 34,177 square foot building. The property sits on a 2.13-acre lot and features a single, one-story building with multiple tenancies. Currently, 10,000 square feet is available for lease, offering significant opportunity for expansion or new business ventures. The space is delivered in "white box" condition, allowing for complete customization to suit individual tenant needs. The property is zoned HC/LI, reflecting its suitability for commercial retail uses. The center boasts ample parking, ensuring convenient access for customers and employees. Its location on N Pace Boulevard provides excellent visibility and accessibility, benefiting from high daily traffic volume exceeding 18,500 vehicles. The property is anchored by Grocery Advantage, providing a strong draw for customers to the center. This is a rare opportunity to secure prime retail space in a high-traffic area of Pensacola, Escambia County, Florida (zip code 32505). The property's strategic location and ample space make it ideal for a variety of retail businesses seeking a prominent presence in a thriving community.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1957
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 31,504 SF
    Lot 2.12 ac (92,347 SF)
    Zoning code HC/LI
    APN 30-2S-30-1001-001-037
    UPID US18-4877326
    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
    Current use
    Occupant on record · Public records
    • Grocery Advantage Grocery & Convenience Store Food Market
    • Mr. Bubbles 24/7 Laundromat (Bike/Boat/Book/etc) Store
    • UNI Beauty Supply Cosmetic Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Acrm LLC · 4 yrs held
    Acrm LLC
    since 2021
    Last sale
    $775,000
    7 recorded transactions
    2024
    2022
    2021
    $775,000
    2020
    $375,000
    2019
    2008
    2005
    Zoning & alternative use
    HC/LI · Pensacola, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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