3850 N Davis Hwy, Pensacola, FL 32503

$2,500,000
List Price
$2,500,000

Property Description

Current use is 50,180 SF Neighborhood Shopping Center. The facility was renovated in 2006 and features 4.71 AC+/- positioned on the Southeast quadrant of the I-110/Fairfield Drive Exit. The subject property is a hard corner land tract, favorably zoned C-1 with a signalized light at the Davis exit and again at the intersection of Fairfield Drive & Davis Hwy. Median Cut, Decel Lanes and 4 Driveways allow superior access. The asphalt parking lot is in good condition, the building is a block structure with a brick and glass storefront façade. The units have 10FT Ceilings height, front and rear entrances, some units have roll up doors with loading docks. * 2017 Total Income- $216,779.09 * Under performing center with a lot of upside potential. * Incredible redevelopment potential for medical/office development. * Planning and Zoning Building Height Allowed on Site -150’ * Out Parcel Potential * Hard Corner Postioned Property at Lighted intersction of Davis Hwy and Fairfield Drive. The subject property has four access driveways for easy access and there is truck access all the way around the center for transporation circulation. The building has been perfectly positioned to allow for maximum land use. The asphalt parking lot is in good condition with a 4.92/1000 ratio, lighted parking lot. Median Cut In Place Decel In Place 4.71 AC +/- On Bus Line Pylon signage Loading Ramps The Subject Property is Surrounded by High Volume Sales Medical, Business Trade and Office Professionals Planning and Zoning Building Height Allowance – 150FT

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Listing courtesy of NAI HALFORD.

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