Retail•Strip Center•For Sale

Mixed-Use Retail, Restaurant, Apartment Property

41 S Navy Boulevard and 4151 thru 4171 Barrancas Avenue, Pensacola, Florida 32507

Sale Price $800,000
Sale Type Investment
Zoning Commercial
Bldg Type Multi-Tenant
Class C
Status Existing
Year Renovated 1985
Vacancy 100%
Gross Bldg 13,406 SqFt
Land Area 1.24 Acres
Improvements This 1.24 acre site is comprise of two tax parcels, and includes frontage on Barrancas Avenue, South Navy Boulevard, Commerce Street, and South 1st Street. Great location near entrance to NAS, and in close proximity to the Pensacola Country Club, and just minutes from Downtown Pensacola. The site includes street parking along Barrancas Avenue with a large parking area behind the retail building and restaurant along Central and South 1st Street.
Market Pensacola
Sub-Market Warrington
This Pensacola landmark has a great location with frontage on Navy Blvd, Barrancas Av, Central and S. 1st Street! The property includes approximately 8,863 square feet of multi-tenant retail space with a 3 bedroom, 1-bath apartment on the second floor, and a separate 3,211 square foot restaurant with drive-thru (originally constructed as a Hardy's, and currently occupied by Mr. Teriyaki). Drive thru restaurant includes walk in cooler & freezer, 2 hood systems, grease traps, HVAC (28 tons), DSL/Cable/Phone and dining room package. 6 car D/T stack and 50 parking spaces. The hood system and AC unit in the restaurant building are approximately 5 years old. The retail buildings were constructed between 1929 and 1942, and the restaurant building was constructed in 1977. Long term tenants with below market leases that are currently on a month-to-month basis. This 1.24 acre site is comprised of two tax parcels and includes frontage on Barrancas Avenue, South Navy Boulevard, Commerce Street, and South 1st Street. Great location near entrance to NAS, in close proximity to the Pensacola Country Club, and just minutes from Downtown Pensacola. High traffic count, 23,000 AADT (Navy), 24,000 AADT (Barrancas) per FDOT avg annual daily traffic. Strong retail corridor.
  • Mixed Use Property
  • Multi-Tenant Retail, Restaurant, and an Apartment
  • High Traffic Counts
  • Located near Exit of Naval Air Station
  • Retail Buildings and Apartment are Masonry Construction
  • Plenty of Parking
  • Needs TLC, but Lots of Potential
  • Redevelopment Potential
3/13/2019 2:25:20 PM 5/14/2019 8:55:08 PM
Lisa D. Bradley
Advisor
SVN | SouthLand Commercial

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