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5200 Hwy 90
Pace, FL 32571

Development Opportunity 11.11 Acres · Retail Property For Sale

Investment Highlights

  • AADT 34000
  • Joint Venture or Seller Financing with acceptable terms
  • 324 Ft Road Frontage on US 90
  • Avalon Blvd is 2.2 miles and only 7 miles to I-10.
  • 10.65-11.11 Total Available Acres

PROPERTY FACTS

Property Type
Retail
Property Subtype
Retail
Building Size
3,782 SF
Building Class
C
Year Built
1956
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
0.60 AC
Zoning
HCD - Highway Commercial Development
Parking
35 Spaces (9.25 Spaces per 1,000 SF Leased)
Frontage
135 ft on Hwy 90

Amenities

  • Freeway Visibility
  • Signage

About 5200 Hwy 90 , Pace, FL 32571

Joint Venture Redevelopment Opportunity. 2 parcels including 5186 and 5200 totaling +/-11.11 acres with 324 ft of US-90 road frontage available. Owner will sell 5186 US 90 totaling +/-10.65 acres with 224 ft of US-90 road frontage. Property is zoned HCD and is located directly across from Lowes and the new IHop and Sonny's BBQ. Value is based upon the land and not the existing structures. Financials for existing can be provided with executed CA. Improvements to the property were completed in 2002 with the addition of the 8 mini warehouses. Each mini warehouse is a total of 3200 square feet separated from the Flea Market by a 6 ft. security fence. The 183 storage units include 79 - 10x20 units, 88 - 10x10 units, and 16 - 5x10 units The Mini Storage Units have electrical conduit run for lighting and additional improvements of gutters, fire extinguishers, fire hydrant and gravel drive throughout. 1.86 acres of cleared land enclosed within the 6 ft privacy fence in the rear for additional improvements if desired. Currently it is income producing as yard storage by the foot. The Flea Market includes 74 total units with additional income produced by Table Units rented per day and 2 vending machines on the grounds. The Market Antiques has a new roof which was placed on the Retail Shop in January of 2019.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-1N-29-0000-01200-0000
Land Assessment
£163,828
Improvements Assessment
£55,552
Total Assessment
£219,380
  • Listing ID: 18431655

  • Date on Market: 06/02/2020

  • Last Updated:

  • Address: 5200 Hwy 90, Pace, FL 32571

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