1734 Creighton RdPensacola, FL 32504

Property Details for 1734 Creighton Rd

Year built

1981

Construction

TYPE NOT SPECIFIED

Lot size

0.73 AC

Property size (Sq ft)

2,265 SF

Zone code

C-3

Property type

Retail space

APN

31-1S-30-1901-014-003

APU

311S301901014003

Description

This exceptional 2,000 square foot storefront retail building presents a compelling investment opportunity in Pensacola, Florida. Located at 1734 Creighton Rd, this single-story structure sits on a 0.67-acre lot and boasts a desirable C-3 zoning designation, permitting a wide array of commercial uses within the City of Pensacola. Built in 1981 and extensively renovated in 2021, the property is currently vacant, offering a blank canvas for a new business or investor. The building features a net lease structure with a remaining lease term of one year. While a previous lease existed, it is not currently active. The asking price is $399,000. The property's address is 1734 Creighton Rd, Pensacola, FL 32504, and its APN is 311S301901014003. Please note that the sale does not include a cell tower located on the rear of the property; however, an access easement through the parking lot provides access to the tower. The property's convenient location just west of Lanier Avenue on Creighton Road (north side) ensures high visibility and accessibility. This is a fantastic chance to acquire a well-maintained, recently renovated retail space in a thriving commercial area. The property's previous lease was below market rate, presenting a significant opportunity for increased rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $450,936

  6.5%

  $416,249

  7%

  $386,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,315

  Geo Method

  $405,768

• Alternative Use

  Use

  Valuation

  Residential

  $351,122

  Hospitality

  $321,626

  Educational

  $267,589

  Medical

  $276,791

  Retail

  $416,249

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4961

Longitude

-87.2056

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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