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200 Garden Street E, Pensacola 32502 (Active)

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Listing Information

Property Type: Commercial Sale
MLS #: 808397 Price: $1,350,000.00 Year Built: Not available
Square Feet: 6000 Bedrooms: Not available Bathrooms: Not available
HOA Fees: Not available Lot Size: 0.28 acres Lot Dimensions: 81 x 152

Subdivision: Not available

Description:

200 East Garden Street is a six tenant, 6,000 SF retail building. The ground level property features Garden Street Fabrics occupying the end cap unit since 2013, it is one of the largest, long-standing upscale fabric and design shops in the area, Still Water Medical Spa & Salon has been a tenant since 2013 and is in its second lease term. Moza & Co Tile/Flooring has been a tenant since 2016. There are three brand new long-term leases in place. 100% Leased NOI- $93,640.06 annually 7% CAP Rate.Superior location in the heart of Downtown Pensacola which is currently experiencing a tremendous growth pattern with numerous re-development and new development projects transforming the city.

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Features

Not available

Commercial Features

  
Business Only Building Square Footage: 6000 Business Only Net Operating Income: 93640.06
Business Only Real Estate Option: No Real Estate Income-Producing Building Square Footage: 6000
Income-Producing Net Operating Income: 93640.06 Income-Producing Cap Rate: 7
Income-Producing Property Type: RetailRetail Net Operating Income: 93640.06 Retail Cap Rate: 7
Retail Number of Units: 6

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This listing provided courtesy of NAI Pensacola.
This information was last updated on 10/18/2018 12:35:49 PM.

All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2018. All rights reserved.


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