Built in 2006, this high visibility 4,800 square foot office space is situated on a corner where Highway 29 merges with Palafox Street. The property is adjacent to Advance Auto Parts. DR Horton occupies the entire building and will be moving this year. The building is divided into three spaces of 1,200 square feet, 1,200 square feet and 2,400 square feet. This is a great opportunity for a user or investor searching for a prime location. Currently three spaces occupied by owner, with a projected income of $13/psf NNN, equating to a cap rate of 9.57%.
Based on the average sale price from the Gulf Shores, AL office
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
2450 S HWY 29 Pensacola, FL is a Single Family Home for sale at $599900 and a lot size of 0.65 Acres Acre(s). 2450 S HWY 29 Pensacola has 0 bedrooms, 0 baths . The property's zip code is 32533 which is in Pensacola, FL
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.