2400 W Michigan Avenue, Pensacola, FL 32526 (MLS # 800890)

Price $1,200,000
Status Active
Size n/a
Lot Size 2.52 ac
Days on Market 9
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.
Property Type(s): Commercial
Last Updated 6/13/2018 Year Built 0
Community 08 - Pensacola County Escambia

Additional Details

AREA 08 - Pensacola
LOT 2.52 acre(s)
LOT DIMENSIONS 320x331

Location

 

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