3850 N Davis Highway, Pensacola, FL 32503 (MLS# 800871)

3850 N Davis Highway, Pensacola, FL 32503

$2,010,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 205,168 Status: Sold

Current Price: $2,010,000 List Date: 6/13/2018 Last Modified: 10/12/2024

Overview

Description

Current use is 50,180 SF Neighborhood Shopping Center. The facility was renovated in 2006 and features 4.71 AC+/- positioned on the Southeast quadrant of the I-110/Fairfield Drive Exit. The subject property is a hard corner land tract, favorably zoned C-1 with a signalized light at the Davis exit and again at the intersection of Fairfield Drive & Davis Hwy. Median Cut, Decel Lanes and 4 Driveways allow superior access. The asphalt parking lot is in good condition, the building is a block structure with a brick and glass storefront faade. The units have 10FT Ceilings height, front and rear entrances, some units have roll up doors with loading docks. * 2017 Total Income- $216,779.09 * Under performing center with a lot of upside potential and out parcel possibilities.

Supplements: * Incredible redevelopment potential for medical/office development. * Planning and Zoning Building Height Allowed on Site -150' * Out Parcel Potential * Hard Corner Postioned Property at Lighted intersction of Davis Hwy and Fairfield Drive. The subject property has four access driveways for easy access and there is truck access all the way around ... (Read more)

Listing Details MLS# 800871

Status Change Info

Under Contract Date: 2018-06-20
Sold Date: 2019-01-07

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 08 - Escambia County
Street #: 3850
Street Direction: N
Street Name: Davis
Street Suffix: Highway
State: FL
Zip Code: 32503
County: Escambia
Parcel ID: 042S302050001008

General Property Info

Listed on GCCMLS: Yes
Acreage: 4.71
Lot Frontage: 1017
Lot Depth: 594
Zoning: C-1

Retail

# of Units: Yes

More Information

Location, Tax and Legal

Sub Area: 0802 - 32503
Property Name: Highland Terrace Shopping Cent
Legal Description: In file.

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Current use is 50,180 SF Neighborhood Shopping Center. The facility was renovated in 2006 and features 4.71 AC+/- positioned on the Southeast quadrant of the I-110/Fairfield Drive Exit. The subject property is a hard corner land tract, favorably zoned C-1 with a signalized light at the Davis exit and again at the intersection of Fairfield Drive & Davis Hwy. Median Cut, Decel Lanes and 4 Driveways allow superior access. The asphalt parking lot is in good condition, the building is a block structure with a brick and glass storefront faade. The units have 10FT Ceilings height, front and rear entrances, some units have roll up doors with loading docks. * 2017 Total Income- $216,779.09 * Under performing center with a lot of upside potential and out parcel possibilities.

Class

Retail: Yes

Construction Status

Existing: Yes

Property Features

Class: Retail Construction Status: Existing

Listing Office: NAI Pensacola

Last Updated: October - 12 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.