Commercial

Hardwick Square - 1981 Hwy 87 S

Status: Active

  • Investment Opportunity – Hardwick Square. Great upside potential as a result of below market rents and strong growth in Navarre, FL.
  • Situated on a hard corner with a traffic signal.
  • Two buildings containing a mixture of office and retail tenants.  Owner occupies approximately 40% of the space but will consider leasing back after closing.
  • 100% occupied with a projected net income of $103,252, resulting in a projected cap rate of 8%.
  • 60 parking spaces on site.

2450 S Highway 29

Status: Active

  • Built in 2006, this high visibility 4,800 square foot office space is situated on a corner where Highway 29 merges with Palafox Street.  The property is adjacent to Advance Auto Parts.
  • DR Horton occupies the entire building and will be moving this year. The building is divided into three spaces of 1,200 square feet, 1,200 square feet and 2,400 square feet. This is a great opportunity for a user or investor searching for a prime location.

804 N New Warrington Road

Status: Active

  • Former Pensacola Veterinary Hospital.  1,960 square feet of conditioned office space and 2,090 unfinished space.  This site features a gated courtyard. Suitable for a dog kennel or pet grooming, nursery or garden center, repair services, and a variety of retail sales.
  • Owner financing available with 10% down payment at 6% interest over a 20 year term with no prepayment penalty.
  • Traffic count: 5,300 on North New Warrington Road, 31,500 on New Warrington Road.

506 E. Burgess Road

Status: Active

  • High visibility, uncleared, commercially zoned land adjacent to Interstate 110 bordering Creighton Road, Burgess Road and Hilburn Road with approximately 635’ of frontage on Creighton Road, with a traffic light.
  • FDOT has prioritized plans to extend Creighton Road west, widening Burgess Road to four lanes to Highway 29.
  • 11,900 daily traffic count on Creighton Road.

3920 W Navy Blvd.

Status: Active

  • High visibility, vacant building. Former Direct Buy.
  • Total of 12,496 square feet, of which 8,540 is conditioned and partially built out, a 1,700 square foot mezzanine area, and 2,256 square foot warehouse space with a roll-up door.
  • Entire building insulated with spray foam.
  • 21,500 daily traffic count.

7900 Block Lillian Highway

Status: Active

  • .23 acre vacant commercial outparcel adjacent to shopping center.  Tenant mix includes Grocery Outlet, Dirt Cheap, Subway, Chef King III, Liquor Paradise, Family Dollar.  Outparcel mix includes Cazadores Mexican, a commercial icemaker and Metro PCS.
  • 400 feet from the intersection of Lillian Highway and Fairfield Drive.
  • 15,200 daily traffic count.

50 W Maxwell St.

Status: Active

  • GSA leased 8,819 square foot office building one mile north of downtown Pensacola.  Total renovation in 2019.  Currently leased by the U.S. Census through December 31st, 2020.
  • 12.9% cap rate is based upon average monthly net income of $9,428.98.  Full service rent is $14,253.25 monthly (approximately $19.39/per square foot) through December 31,2020.  Full service fees average $6.56/per square foot.
  • Great opportunity for a user willing to take occupancy in early January 2021.
  • Located in a Florida designated Opportunity Zone just one mile north of downtown Pensacola.

Hickory Hammock Rd. & S Hwy 87 S

Status: Active

  • Vacant land zoned commercial with a portion zoned M-1 industrial.
  • Parcel is neary busy intersection at Hickory Hammock Road and South Highway 87.
  • Widening of Highway 87 recently completed.
  • Main corridor from I-10 to Navarre.

8500 University Parkway

Status: Active

  • Cleared vacant parcel situated to the rear of the Civic Inn Hotel.
  • Zoned Commercial.
  • Access easement granted from University Parkway.
  • There appear to be some wetlands along the eastern side of the property line.
  • Daily Traffic Count: 26,000