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Shopping Strip

Pensacola Strip Center | Pensacola, FL

3700 N Pace Blvd, Pensacola, FL 32505

Listing Price: $1,100,000

Cap Rate
4.02%
Gross SF
18,062
Rentable SF
18,062
Price/Gross SF
$60.90
Lot Size
1.23 acres
Year Built
1965

Investment Overview

This 18,000 square foot retail center in Pensacola, Florida, presents a compelling value-add investment opportunity, priced at $59 per square foot. The property includes a 6,000 square foot vacancy, offering immediate lease up potential in a growing market. The remaining tenants are on month-to-month leases with rents currently below market rates, providing flexibility for renegotiation or repositioning of the tenant mix. With the area's increasing demand for retail space and the opportunity to raise rents to
market levels, this investment offers significant upside potential through increased cash flow and enhanced property value.

Investment Highlights

  • Low Price Per Square Foot | $59/SF
  • Affluent Demographics | 75,000+ Residents Within 3-Mile Radius
  • Below Market Rents | MTM Leases

Exclusively Listed By

Financing By

Shopping Strip

Pensacola Strip Center | Pensacola, FL

Listing Price: $1,100,000

Cap Rate
4.02%
Gross SF
18,062
Rentable SF
18,062
Price/Gross SF
$60.90
Lot Size
1.23 acres
Year Built
1965

Investment Highlights

  • Low Price Per Square Foot | $59/SF
  • Affluent Demographics | 75,000+ Residents Within 3-Mile Radius
  • Below Market Rents | MTM Leases

Investment Overview

This 18,000 square foot retail center in Pensacola, Florida, presents a compelling value-add investment opportunity, priced at $59 per square foot. The property includes a 6,000 square foot vacancy, offering immediate lease up potential in a growing market. The remaining tenants are on month-to-month leases with rents currently below market rates, providing flexibility for renegotiation or repositioning of the tenant mix. With the area's increasing demand for retail space and the opportunity to raise rents to market levels, this investment offers significant upside potential through increased cash flow and enhanced property value.

Exclusively Listed By

Financing By

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