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2354 Michigan Ave
Pensacola, FL 32526
FOR SALE · Retail Property For Sale
Investment Highlights
- Newly Renovated
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1987/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.53 AC
Zoning
COM
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
95’ on Michigan Ave
Amenities
- Signage
About 2354 MICHIGAN AVE , PENSACOLA, FL 32526
Incoming producing automotive service center located on Michigan Avenue in Pensacola, Florida. This recently remodeled, free-standing facilty offers four service bays, oil change pit, customer waiting area, service manager office, used oil reservior, aircompressor and fenced storage/laydown yard. New interior and exterior paint, flooring, HVAC, hot water heater, re-sealed and striped parking lot. Satisfactory Phase I & Phase II environmental assessment performed in 2019. Currently tenant under three (3) year lease at 9% cap rate.
Property Taxes
| Parcel Number | 43-1S-30-1101-005-001 | Improvements Assessment | $99,548 |
| Land Assessment | $91,048 | Total Assessment | $190,596 |
Property Taxes
Parcel Number
43-1S-30-1101-005-001
Land Assessment
$91,048
Improvements Assessment
$99,548
Total Assessment
$190,596
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