Retail 1080 W Michigan Ave

1080 W Michigan Ave Pensacola, FL 32505

1080 W Michigan Ave, Pensacola, FL, 32505
1080 W Michigan Ave Pensecola, FL
1080 W Michigan Ave, Pensacola, FL, 32505
FOR SALE
Property Type:
Street Retail
Amount:
$349,000
Last Verified:
May 03, 2024

Highlights

  • - 1,950 SF building ideal for retail or street retail investment
  • - Single unit property offering focused retail space
  • - Built in 1971, exuding historic charm and character
  • - Renovated in 2024, ensuring modern functionality and appeal
  • - Zoned HDMU, catering to diverse retail business opportunities
  • - Prime location in the dynamic Pensacola area
  • -Transferable roof warranty
  • -New LED flood lights
  • -New HVAC
  • -New electrical panel
  • -Huge outdoor storage area
  • -32000 traffic count
  • -Able to sell tobacco / vape/ etc.

Description

Introducing an exceptional investment opportunity in Pensacola, FL. This meticulously renovated 1,950 SF building, situated at 1080 W Michigan Ave, offers an ideal retail space for savvy investors. Zoned HDMU, this prime location is perfectly positioned for retail success. The property, boasting a single unit, delivers a sought-after blend of historic charm and modern functionality, making it a superb choice for retail or street retail endeavors. With its strategic 1971 construction and recent 2024 renovations, this property presents an enticing prospect for investors keen on securing a lucrative foothold in the thriving Pensacola market.

Discover the allure of Pensacola, FL. This vibrant area is a hub of commercial activity, attracting investors seeking prime office space. Located in a thriving business district, the property is surrounded by a wealth of amenities, including popular restaurants, shopping centers, and cultural attractions. In close proximity to the bustling downtown area and major transportation arteries, the location offers superb accessibility and visibility for businesses. With a strong economic base and a steady stream of visitors, Pensacola presents an enticing opportunity for office and office building investors looking to capitalize on the area's dynamic growth and potential.


Year Built: 1971
Building Size: 1950sq ft
Building Class: C
Lot Size: 0.61 acres

Map of 1080 W Michigan Ave, Pensacola, FL, 32505

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.