The Ridge

85 W Airport Blvd, Pensacola, FL 32503

  • For Sale $4,300,000
  • Property Type Retail - Strip
  • Property Size 16,699 SF
  • Units 8
  • Lot Size 1.63 Acre
  • Parking Spaces Avail. 57
  • Property Tenancy Multi-Tenant
  • Year Built 2022
  • Date Updated Apr 1, 2024
Pensacola, nestled along Florida's Gulf Coast near the state border with Alabama, has grown remarkably in recent years. This surge is attributed to a substantial rise in population and a robust median income. The city's flourishing economy, supported by tourism, has catalyzed increased demand in housing and retail sectors. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located approximately 25 minutes from the site. Also, Whiting Field Naval Base is approximately 35 minutes from the site. The property is in close proximity to the core retail trade area, airport, hospital, Pensacola State College, University of West Florida, and the beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach.Introducing an exceptional investment opportunity situated in Pensacola, FL. The Ridge is located at the highly trafficked intersection of Palafox St and Airport Blvd, which experiences over 31,000 cars per day. This 16,699 SF retail/strip center boasts 8 units and 95.6% occupancy, presenting a strong, stable income potential. Built-in 2022 and zoned HC/LI, this modern property is primed for long-term success and growth. The Ridge will have two end-cap drive-thru spaces and multiple inline spaces, ranging in size from 729 SF to 4,500 SF. The property has visibility on a signaled intersection, excellent signage, and ample parking. Don't miss the chance to invest in a high-performing asset with immense potential.

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Highlights

  • Prime retail/strip center investment opportunity
  • Diverse tenant mix
  • High-traffic area
  • Strong historical occupancy
  • Modern and attractive building design
  • Professional-maintained property
  • Strong rental income

Contacts

broker

Robert Bell

Bellcore Commercial

(850) 434-3434

Location

Getting Around

  • Walk Score ®

    39/100 Car-Dependent
  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Pensacola, FL
  • Neighborhood Brent
  • Zip Code 32503
  • Market Pensacola

Points of Interest

  • Pensacola

    4.81 miles

  • Palmetto Beach Park

    6.05 miles

  • ChargePoint

    0.54 miles

  • RaceWay

    1.13 miles

  • RaceWay

    1.18 miles

  • Shell

    1.34 miles

  • A & E Food Market

    1.50 miles

  • BJ's Gas

    1.97 miles

  • Tom Thumb

    1.99 miles

  • Circle K

    2.13 miles

  • FAIRFIELD MART

    2.13 miles

  • RaceWay

    2.17 miles

  • Bayou Boulevard Garage

    1.91 miles

  • Parking Lot K

    1.96 miles

  • Parking Lot J

    2.01 miles

  • Parking Lot E

    2.05 miles

  • 9th Avenue Garage

    2.06 miles

  • Parking Lot G2

    2.09 miles

  • Parking Lot A

    2.09 miles

  • Parking Lot I

    2.11 miles

  • Parking Lot F

    2.13 miles

  • Parking Lot B

    2.19 miles

  • Pizza Hut

    0.12 miles

  • Whataburger

    0.30 miles

  • Wing King

    0.31 miles

  • Taco Rock 29

    0.36 miles

  • Subway

    0.48 miles

  • Jimmy John's

    0.54 miles

  • The Fishing Hole Restaurant

    0.65 miles

  • Burger King

    0.65 miles

  • The Palms

    0.70 miles

  • Papa John's

    0.71 miles

  • Tom Thumb

    0.18 miles

  • Big Lots

    1.56 miles

  • TJ Maxx

    1.66 miles

  • Publix

    1.87 miles

  • Burlington

    2.05 miles

  • JCPenney

    2.15 miles

  • Winn-Dixie

    2.21 miles

  • Dillard's

    2.21 miles

  • Target

    2.26 miles

  • Cordova Mall

    2.29 miles

Frequently Asked Questions

What is the lease rate for The Ridge?

Rental asking rate at The Ridge is $2,150,000.00/YR.

What is the total square footage of The Ridge?

The Ridge totals 16,699 square feet.

When was this property built?

The Ridge was built in 2022.

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Contact Listing Broker

broker

Robert Bell

Bellcore Commercial

(850) 434-3434