For Sale
$849,000

4612 Us-90Pace, FL 32571

High-traffic location, build-to-suit option.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2.23-acre retail pad site in Pace, Florida, presents a lucrative investment opportunity. Located at the highly visible intersection of US-90 and East Spencer Field Road, this property boasts over 44,000 vehicles per day. Currently occupied by Hancock Bank and Jimmy John's, the site features a recently renovated 8,861 square foot building and ample parking (97 spaces). Infrastructure is in place for an additional 5,400 square feet of retail or restaurant space, with the possibility of a drive-through. The site offers excellent ingress/egress and is surrounded by numerous national retailers, including Target, Publix, Home Depot, and Lowe's. Recent improvements include new landscaping, a pylon sign, and parking lot resurfacing. The property is available for purchase at $849,000, or a ground lease is available for $79,000 per year. Build-to-suit options are also available with negotiable lease rates. The property is zoned HCD and has a total lot size of 2.23 acres. The existing building was constructed in 1979 and underwent renovations in 2018. This prime location in a rapidly growing community offers significant potential for future growth and return on investment. The property's APN is 11-1N-29-0000-03000-0000.

Highlights

  • Newly redeveloped pad site ready for up to 5,400 SF of retail/restaurant space, including drive-thru potential.
  • Prime pad site in a high-growth Florida community.
  • High visibility corner location with over 44,000 vehicles per day.
  • Ample parking (97 spaces, 11 per 1,000 SF) and excellent access.
  • Negotiable build-to-suit rates.
  • $849,000 sale price or $79,000 annual ground lease available.

Property Details for 4612 Us-90

Property type
Retail properties, Restaurants
Square Feet
8,861 SF
Year Built/Renovated
1979/2018
Lot Size (sq. ft)
97,139 SF

Location Insight

City
Pace
County
Santa Rosa
State
Florida
Latitude
30.60436
Longitude
-87.1311837
4612 Us-90, Pace, Florida

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4612 Us-90
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