2620 Creighton RdPensacola, FL 32504

Property Details for 2620 Creighton Rd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.66 AC

Property size (Sq ft)

24,255 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Community centers

APN

10-1S-29-2301-000-020

APU

101S292301000020

Description

Creighton Commons, a single-story, 23,760 square foot retail strip center in Pensacola, Florida, presents a prime opportunity for businesses seeking high-traffic exposure. Built in 2003 and recently revitalized, this center boasts a refreshed facade and resealed parking lot. Located on Creighton Road, a major thoroughfare averaging 23,500 vehicles daily, the property enjoys excellent visibility at a lighted intersection near the busy intersection of 9th Avenue. The center is shadow-anchored by a Walmart Supercenter, ensuring consistent high foot traffic. Currently, 4,778 square feet of space is available, divisible into units ranging from a minimum of 1,250 square feet to a maximum contiguous space of 3,528 square feet. The property sits on a 31.15-acre lot and is zoned C-1. Existing tenants include well-established businesses such as GameStop, Sally's Beauty Supply, WellCare, and Cuts By Us. The owner is offering attractive incentives, including competitive lease rates, potential for free rent, and tenant improvement allowances. This is an exceptional opportunity to establish or expand your business in a thriving retail environment. The property consists of one building and is located in Escambia County.

• CAP approach

  CAP return

  Valuation

  6%

  $4,828,902

  6.5%

  $4,457,448

  7%

  $4,139,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,136,897

  Geo Method

  $4,345,206

• Alternative Use

  Use

  Valuation

  Residential

  $3,760,024

  Hospitality

  $3,444,162

  Educational

  $2,865,502

  Medical

  $2,964,051

  Retail

  $4,457,448

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.496

Longitude

-87.1944

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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