Listed by Alliance Real Estate
$314,900
Pensacola Multi-Unit Residential & Storefront
Details
APN 000S009010009007
Property Type Hospitality, Multifamily
Sub Type Convenience Store, Single Family Rental Portfolio
Square Footage 1,977
Units 3
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 11.43%
Pro-Forma NOI $36,000
Price per SqFt $159
Class C
Year Built 1910
Year Renovated 2000
Buildings 2
Stories 1
Zoning R-NC
Parking Spaces 4 spaces
Parking Per SqFt 2.02
Investment Type Redevelopment
Tenant Credit No Credit Rating
Ground Lease No
Ownership Full
Sale Condition For sale by owner
Multi-Tenant Residential/Commercial Mixed Use - Downtown Pensacola - Historical District
Marketing description
Located at a corner in the Downtown Pensacola Historical District, this multi-unit special consists of 2 residential units and a commercial space that can be used for multiple possibilities. This property is ready for redevelopment in the continually growing Pensacola area. Whether as an investment or owner-user, this property consist of two buildings with 3 income potential units. Units need to be upgraded and updated from top to bottom with the only new upgrade being the roof.
Investment highlights
Historical District
Downtown Pensacola
Multi-Tenant Opportunity
Commercial and Residential Mixed Use
Listing Contacts
Listed by Alliance Real Estate
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