2400 W Michigan Avenue

    Pensacola, FL 32526
    • $1,200,000
    • STATUS: Active
    • ON SITE: 313 days
    • MLS #: 800890
    UPDATED: 49 min ago
    $1,200,000
    • 0
      BEDS
    • 2.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    The subject property is a 29,700 SF Neighborhood Center. The facility was built in 1985 and has been routinely updated. It features 27 units ranging in size from 716 - 2,500 SF. There are several vacancies (8) in the center and it is not realizing its market potential. Professionally re-positioned, managed and marketed this center would be an excellent income producer. 2017 Total Income- $166,331.00.Large rectangular land parcel with the center occupying the three sides in a U shaped configuration. The parking lot is well maintained and perfectly laid out for maximum land use. There are parking bumpers, exterior lights, and pylon signage on Michigan Ave.Busy Trade/ Commuter Corridor surrounded by heavy rooftops with new developments being built in the area.

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    © 2019 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Classic Luxury Real Estate, LLC. Data last updated: 2019-04-23T11:03:34.69.
    www.liveandplayon30a.com/homes/84598491

    2400 W Michigan Avenue Pensacola, FL 32526

    • Price: $1,200,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 800890
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.52
    Acres
    Neighborhood:
    Pensacola
    County:
    Escambia
    Area:
    Pensacola
    Property Description
    The subject property is a 29,700 SF Neighborhood Center. The facility was built in 1985 and has been routinely updated. It features 27 units ranging in size from 716 - 2,500 SF. There are several vacancies (8) in the center and it is not realizing its market potential. Professionally re-positioned, managed and marketed this center would be an excellent income producer. 2017 Total Income- $166,331.00.Large rectangular land parcel with the center occupying the three sides in a U shaped configuration. The parking lot is well maintained and perfectly laid out for maximum land use. There are parking bumpers, exterior lights, and pylon signage on Michigan Ave.Busy Trade/ Commuter Corridor surrounded by heavy rooftops with new developments being built in the area.
    Exterior Features

    Lot Depth 331.00 Lot Dimensions 320X331 Lot Frontage 320.00

    Interior Features

    Retail Num Units 4

    Property Features

    As Is Yes Listing Board Emerald Coast Property Name Westgate Village Shopping Cent Zoning Com/Hdmu

    Listing courtesy of Nai Pensacola.


    © 2019 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Classic Luxury Real Estate, LLC. Data last updated: 2019-04-23T11:03:34.69.
     
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