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Auction - Former American Freight | 65K VPD 4500 Mobile Hwy 19,754 SF Retail Building Pensacola, FL 32506 $500,000 ($25.31/SF)
Investment Highlights
- STARTING BID $500,000 | Former American Freight | Signalized Hard Corner | 65K VPD | 19,754 SF | AUCTION APRIL 13-15
- Signalized hard-corner with high traffic counts on Mobile Highway (39,582 VPD) and W Fairfield Dr (25,868 VPD)
- Strong area demand drivers & demographics: proximity to I-10 and Pensacola NAS; 5-mile population of ±141,038 and annual household income of ±$60,567
- ±19,754 SF vacant, single-story freestanding building on ±1.50 acres ideal for owner/user or value-add investor repositioning
- Retail-dense trade area with national anchors and daily-needs draws on opposing corners including Home Depot, Lowe’s, Walgreens, Ross, and many more
- Liberal C-1 commercial zoning supports a wide range of retail and general commercial uses
Executive Summary
Marcus & Millichap is pleased to present 4500 Mobile Highway in Pensacola, Florida (the “Property”), a 19,754 square foot vacant free-standing building on 1.5 prime acres at the signalized hard corner of Mobile Highway and West Fairfield Drive. Formerly occupied by American Freight Discount Furniture and Mattress for 10+ years, the property is offered significantly below replacement cost and offers an exceptional opportunity for an owner/user or investor to acquire an asset with significant value enhancement potential at a substantial discount.
The Property offers tremendous visibility with high daily traffic counts on both W. Fairfield Drive (25,868 VPD) and Mobile Highway (39,582 VPD0). The other three corners of the intersection are occupied by Home Depot, Walgreen’s and Lowe’s Home Improvement/Burger King. The Property is ideally situated in a major retail corridor that include nationally recognized operators such as Walmart Supercenter, Advance Auto Parts, Chili’s, Waffle House, Dollar General, Wells Fargo, PNC Bank, Church’s and many more. The Property has liberal C-1 commercial zoning that allows for retail and general commercial land use.
Pensacola is located in the Florida panhandle in Escambia County with over 550,000 residents and is known for its stunning white beaches, rich military history, vibrant arts and downtown scene, delicious coastal cuisine and home to the Navy-Blue Angels flight demonstration squadron. The Property has easy access to Interstate 10 and is within close proximity to The Pensacola Naval Air Station which alone employs over 23,000 staff and is home to over 60,000 students that pass through its training program annually. Households within a 5-mile radius exceed 54,000 homes and an average household income above $67,000.
The Property offers tremendous visibility with high daily traffic counts on both W. Fairfield Drive (25,868 VPD) and Mobile Highway (39,582 VPD0). The other three corners of the intersection are occupied by Home Depot, Walgreen’s and Lowe’s Home Improvement/Burger King. The Property is ideally situated in a major retail corridor that include nationally recognized operators such as Walmart Supercenter, Advance Auto Parts, Chili’s, Waffle House, Dollar General, Wells Fargo, PNC Bank, Church’s and many more. The Property has liberal C-1 commercial zoning that allows for retail and general commercial land use.
Pensacola is located in the Florida panhandle in Escambia County with over 550,000 residents and is known for its stunning white beaches, rich military history, vibrant arts and downtown scene, delicious coastal cuisine and home to the Navy-Blue Angels flight demonstration squadron. The Property has easy access to Interstate 10 and is within close proximity to The Pensacola Naval Air Station which alone employs over 23,000 staff and is home to over 60,000 students that pass through its training program annually. Households within a 5-mile radius exceed 54,000 homes and an average household income above $67,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,754 SF
Building Class
C
Year Built
1960
Price
$500,000
Price Per SF
$25.31
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.50 AC
Zoning
COM - Commercial
Parking
41 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-2S-30-5502-000-000 | Improvements Assessment | $318,920 |
| Land Assessment | $476,014 | Total Assessment | $794,934 |
Property Taxes
Parcel Number
15-2S-30-5502-000-000
Land Assessment
$476,014
Improvements Assessment
$318,920
Total Assessment
$794,934
(954) 245-3417
x3417
Contacts
-
Howard Bregman -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Ryan Nee -
Marcus & Millichap
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Auction - Former American Freight | 65K VPD | 4500 Mobile Hwy
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