6-Unit Multi-Tenant Strip Center
Fully Renovated Strip Center | 20,967 SF Value Add OP
Marketing description
MARKETPLACE PLAZA - SOLD on Comparable Approach to Value
Market Place Plaza is 88% occupied with long-term tenants, fresh improvements, and a high-demand vacancy ready to lease.
Bonus: includes an expansion parcel
7.9% CAP Rate I $101,160 NOI
Income Listed Below:
UNIT 6508 Global Mart Supermarket - 5-Yr Term
5,000 SF $10 PSF NNN
$5000 BASE / $664.25 NNN
UNIT 6510/ 6512/6516 $3,900 per month
UNIT 605 65th $1,030 per month
6-Unit multi-Tenant Center
Strategically positioned at the signalized corner of Jackson Street and 65th Avenue, this fully renovated 18,912 SF multi-tenant retail center is situated on a 2.45-acre parcel in one of Pensacola’s most established corridors. Zoned HCD and offering five access drives, full drive-around capability, and excellent frontage, this asset is ideal for investors or owner-users seeking a turnkey opportunity with upside.
- Recently upgraded: roof, HVAC, electrical & plumbing systems
- Fresh exterior/interior finishes, updated signage, and resurfaced parking lot
- Flexible layout with strong visibility and access:
- Sonlight Christian Center (tenant since 2015)
- AA Chapter (tenant since 2001)
- One long-term; NNN 5 YR Term
- Global market, Super Market
- Ideal for owner-occupier seeking passive income. a value-add investor or 1031 Buyer targeting sub-$2 M retail with expansion land and proven tenant history.
Investment highlights
Marketplace Plaza is a fully renovated 18,912 SF multi-tenant retail center positioned at the signalized corner of Jackson Street and 65th Avenue. Situated on a 2.45-acre parcel in a well-established commuter corridor, the property benefits from strong frontage, five access drives, full drive-around capability, and a dense surrounding population base. Zoned HCD, the center is well suited for investors seeking stabilized income with upside or owner-users looking for a highly visible commercial asset.
Key Highlights
- New Price: $1,275,000
- CAP Rate: 7.9%
- Building Size: 18,912 SF
- Land Size: 2.45 Acres
- Zoning: HCD
- Signalized Corner Location at Jackson Street & 65th Avenue
MARKET INFOMATION
Sale includes an adjacent vacant parcel offering future development or expansion potential. The property benefits from its location along Jackson Street, a major east-west connector currently undergoing transformation through the Reimagine Jackson Street initiative. The property is currently on certified septic systems with future sewer access planned through Escambia County’s Jackson Street corridor revitalization project—which includes new roads, sidewalks, lighting, and landscaping enhancements
As revitalization continues, this corridor is poised for growth, making this a high-visibility opportunity in one of Pensacola’s most active redevelopment zones.
POP - 120,985 5-MI radius
Employees- 78,671 5-MI radius
Total Sales- $8bb 5-MI radius
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