257 Amber StPensacola, FL 32503

Property Details for 257 Amber St

Year built

1967

Construction

STEEL FRAME

Lot size

9.29 AC

Property size (Sq ft)

126,650 SF

Zone code

HC/LI

Property type

Retail properties

Property subtype

Outlet malls

APN

48-1S-30-3101-000-001

APU

481S303101000001

Description

This exceptional investment opportunity presents a Class A, multi-tenant industrial warehouse complex located at 257 Amber St, Pensacola, FL 32503, in Escambia County. The property boasts a total of 142,234 square feet across three buildings situated on a 9.6-acre lot (APN: 481S303101000001) zoned HC/LI. Built in 1967 and renovated in 1990, the complex features a main warehouse building of 126,714 square feet constructed of concrete, and two additional metal buildings with roll-up door access. The property offers 10 dock-high doors and a 20-foot ceiling height. Currently 100% occupied by six credit-rated tenants under long-term NNN leases, generating a strong NOI of $881,000 and a 4.00% cap rate. The asking price is $23,500,000 ($177.52 per square foot). This prime location is adjacent to a new hospital at I-110 and Brent Lane, promising significant future growth potential with anticipated development of medical office space and related services in the surrounding area. This is a rare opportunity to acquire a high-performing, well-located industrial asset with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $25,214,612

  6.5%

  $23,275,026

  7%

  $21,612,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,601,236

  Geo Method

  $22,688,942

• Alternative Use

  Use

  Valuation

  Residential

  $19,633,356

  Hospitality

  $17,984,048

  Educational

  $14,962,517

  Medical

  $15,477,101

  Retail

  $23,275,026

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4659

Longitude

-87.2319

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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