For Sale
$1,200,000

4021 North StPensacola, FL 32505

High-return convenience store & warehouse

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property in Pensacola, Florida, presents a lucrative investment opportunity. Located at 4021 North W Street, this 4,510 square foot building sits on a 0.403-acre lot and boasts a 7% cap rate. Built in 1987, the property currently operates as a 100% occupied convenience store with additional warehouse space and storefront capabilities. The zoning is HC/LI, allowing for a variety of uses. Features include a well-functioning deli, beauty supply section, ample parking (over 10 cars), a manager's office with an en-suite bathroom, a standard restroom, and a dedicated storage room. The asking price is $1,200,000 ($266.08/sq ft). The sale includes the building, fixtures, furniture, and equipment (FF&E), and goodwill. A separate appraisal will determine the value of the existing inventory. The property's versatility allows for continued operation as a multi-use retail space, potential conversion into a drive-thru restaurant, or leasing to multiple tenants. This prime location and flexible zoning make it an ideal investment for discerning buyers seeking strong returns and diverse operational possibilities. The property is zoned for HC/LI use.

Highlights

  • 4,510 SF mixed-use building on a 0.403-acre lot in Pensacola, FL.
  • 7% cap rate, asking price $1,200,000 ($266.08/SF).
  • Currently 100% occupied convenience store with warehouse and storefront space.
  • HC/LI zoning allows for diverse uses, including potential conversion to a drive-thru restaurant.
  • Includes building, FF&E, and goodwill; inventory appraised separately.

Property Details for 4021 North St

Property type
Warehouses, Retail properties
Square Feet
4,510 SF
Year Built
1987
Buildings
1
Lot Size (sq. ft)
17,555 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.451411725712
Longitude
-87.251331923198
4021 North St, Pensacola, Florida

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4021 North St
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