Bayou Blvd Investment Opportunity
Fully leased 29,762 SF medical office building in Pensacola, Florida, offered at $4,100,000 at a 7.81% cap ($320,006 NOI). The ten-unit Class B asset is 100% occupied by medical office tenants and situated on a 3.69-acre C-1 zoned parcel along Bayou Boulevard in the Cordova Mall corridor, one of the city's strongest commercial districts.
Built in 1982 and renovated in 1995, the single-story structure is well maintained and strategically positioned near Pensacola International Airport, Ascension Sacred Heart Hospital, Cordova Mall, and Pensacola State College. The expansive site and high-visibility location create significant long-term value and redevelopment potential as the surrounding medical, retail, and office market continues to grow.
- 100% occupied by medical office tenants with stable income
- 7.81% cap rate, $320,006 NOI
- 3.69-acre C-1 zoned site with redevelopment upside
- Prime Bayou Boulevard location near Ascension Sacred Heart Hospital and Cordova Mall
- Single-story, well-maintained Class B office built 1982, renovated 1995
More property details
Location
Presenting a prime investment opportunity at 4700 Bayou Blvd, Pensacola, FL. This 29,762-square-foot office property consists of 10 fully occupied units, providing immediate income from a stable tenant base. Located in the highly desirable Cordova Mall corridor, the property is positioned on a 3.69-acre C-1 zoned site and offers significant long-term value. Originally constructed in 1982 and updated in 1995, it is well maintained and strategically surrounded by major medical facilities, retail centers, and office developments. The expansive site also offers excellent redevelopment potential for future growth.
- Fully leased to medical office tenants in a highly visible Bayou Blvd. location on 3.69 acres
- Approximately 29,762 SF situated near Pensacola International Airport, Ascension Sacred Heart Hospital, Cordova Mall, and Pensacola State College
- Strong long-term investment with future redevelopment potential in a high-demand commercial corridor