5043 Byu Blvd Pensacola, FL 32503-2528

Property Details for 5043 Byu Blvd

Year built

1980

Construction

BRICK

Lot size

0.93 lot acres

Property size

3,175 SF

Zone code

C-1

Property type

Office buildings

APN

33-1S-30-7200-000-023

APU

331S307200000023

Description

This exceptional investment opportunity presents a fully leased, multi-tenant office complex situated on a 0.93-acre lot at 5043 Bayou Blvd, Pensacola, FL 32503. The property boasts 7,435 square feet across two single-story buildings, featuring five tenants, including three prominent government entities: the Florida Army National Guard, U.S. Marine Corps Recruiting, and U.S. Navy Enlisted Recruiting. Two additional tenants, Cordova Day Spa and Within Women's Wellness, provide a diverse tenant mix. The property benefits from a high 100% occupancy rate, generating a strong Net Operating Income (NOI) of $211,523 and a 7.5% cap rate. Built in 1980 and extensively renovated in 2024 with over $1 million in capital improvements (including a new roof, exterior paint, and lighting), the property is in excellent condition. The complex offers 54 parking spaces and is zoned C-1. Its prime location on Bayou Boulevard provides exceptional visibility, with an average daily traffic count of 30,500 vehicles, further enhanced by a new monument sign and a billboard with 17 years remaining on its lease. The weighted average lease term (WALT) is 7 years, offering long-term stability. The property's proximity to Pensacola International Airport (1.4 miles) and Interstate 110 (less than a mile) adds to its strategic appeal. This is a rare opportunity to acquire a stable, high-performing commercial property with a diverse tenant base and significant upside potential. The APN is 331S307200000023. Asking price is $2,800,000.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Longitude

-87.21

Latitude

30.4716

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments