2690 Baars StPensacola, FL 32505

This exceptional mixed-use property, a former church and school, presents a unique redevelopment opportunity in a high-traffic Pensacola location. The 3,500 square foot, single-story building sits on a 0.283-acre corner lot at the intersection of Baars Street and U Street, boasting high visibility and accessibility. The property benefits from its proximity to major roadways including Fairfield Drive (34,500 VPD), N Pace Boulevard (19,800 VPD), and N W Street (25,500 VPD), ensuring significant daily traffic exposure. The surrounding area is densely populated with numerous established businesses, including fast-food restaurants (McDonald's, Whataburger, Domino's, Wendy's, Krystal's, Subway, Popeyes), convenience stores (CEFCO, Circle K, Raceway), Dollar General, Exxon, AutoZone, Waffle House, Cash America Pawn, and U-Haul. Furthermore, its location near Escambia County facilities, including a bus station, building inspections, and emergency services, adds to its strategic appeal. Built in 1965 and renovated the same year, the building features cinder block construction, a new roof, and mold remediation. The HVAC system comprises a central unit and mini-split systems in the sanctuary. Utilities include city water and a septic sewer system. The property is zoned HC/LI and includes some furnishings (pews, appliances, and desks) as part of the sale. The asking price is $375,000, with a pro-forma cap rate of 9.60%. This vacant property offers significant potential for a variety of uses, making it an attractive investment for owner-users seeking redevelopment opportunities in a thriving commercial area. The property is currently vacant and ready for immediate occupancy.