Pace, FL Retail Property For Sale

3 acres on Berryhill Road ready for development. Home is located at the rear of the property with many possibilities. Acreage in front of home is prime for development in a major growth area. Zoning is neighborhood commercial giving buyer numerous options to develop.

This is a beautiful flat piece of HCD property with approximately 2.39 acres and 332 feet of US Hwy 90 frontage in Pace FL. The property has a 1,200 square foot building in good condition. There are several large oaks near the front of the property that would add a tremendous atmosphere to almost any prospective businesses. This property is a little over a half mile East of the new Pea Ridge Connector intersection on Hwy-90. This listing is two separate parcels that are adjoining and the owners want to sale them in one transaction. Come out and park underneath the large oaks, observe the traffic count and envision your new business in this bustling area. The owners are currently storing some items in the building and potential buyers should understand the building will be emptied with any acceptable contract. All information is considered to be correct but boundary depictions, distances, acreages and square footage are approximate. Buyers should perform due diligence to ensure accuracy of information.

Great Development Opportunity to purchase 2.0+/- acres, with Commercial Zoning along US 90 in Pace, Florida. This property offers the depth and road frontage for a multitude of development opportunities in the Heart of Pace.

The site contains an approximately 2.0+/- acres with approximately 350'+/- of frontage along US 90 (37,000 AADT). The property is almost entirely comprised of HCD: Highway Commercial Development zoning. Santa Rosa County has grown by over 24% in the last decade making it the fastest growing county in the Florida Panhandle.

Former Circle K (they built a new store across the street).

(Restricted-no convenience store will be allowed)

This is the most prominent corner in the county!

The former store has 5,773 SF.

***Buyer must use Circle K's LOI & Contract***

Santino's Pizza Restaurant next door has 2,527 SF and is leased. Lease expires 2/25/2027 and has two 5 yr options to renew. (Rent thru 2/25/2022 $4,177.44 per mo./ 2/26/22-2/25/2027 $4,804.06 per mo./ 2/26/27-2/25/2032 $5,524.67

Blue Angel Ice's lease expires 10/14/24 (they are in the parking lot) $408 per mo.

The car wash next door (north side) is 0.46 Ac and 1,665 SF and is included in this sale.

Phase I of the recently completed property redevelopment for Hancock Bank & Jimmy John's Gourmet Sandwiches includes master storm water retention, parking lot resurfacing/restriping, curbing, turn lanes, irrigation, landscaping, etc.

Pad site ready to build up to 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap with

Located in retail epicenter of one of Florida's fastest-growing communities

Over 44,000 vehicles per day on a lighted corner of two major corridors

Great ingress/egress plus abundant parking with current site plan showing 97 spaces (11 per 1,000 SF)

Build-to-suit rates are negotiable depending on build-out requirements

Pad available for sale for $849,000 or ground lease for $79,000/year

This multi-tenant development is located on a 2.23 acre site at the lighted corner of Highway 90 and East Spencer

Field Road in the retail epicenter of Pace, Florida, one of the state's most rapidly growing communities. Hancock

Bank and Jimmy John's Gourmet Sandwiches occupy the existing building on the property.

The site has 225 feet of frontage on Highway 90 with over 33,500 vehicles per day passing the site. The property

also has 135 feet of frontage and direct access to East Spencer Field Road, which is a north-south corridor with

10,500 vehicles per day connecting the primary residential areas to the commercial and retail core of Highway 90.

This section of Highway 90 is the primary shopping, dining, entertainment, and banking area of the community.

Other businesses within a half a mile of the site include Target, Publix, Home Depot, Lowe's, TJ Maxx, PetSmart,

Office Depot, Dollar Tree, Rent-A-Center, Ridge Cinema, Aspen Dental, GNC, Anytime Fitness, Regions Bank,

Synovus Bank, Navy Federal Credit Union, Member's First Credit Union, GameStop, Mattress Firm, Advance Auto,

Autozone, Winn Dixie, Hardee's, Pen Air Credit Union, Subway, Pizza Hut, Firehouse Subs, UPS Store, Batteries Plus,

Murphy Express, Chili's, Baskin-Robbins, Village Inn, Papa Murphy's, Sweet Frog, Ruby Tuesday, Ryan's Buffet,

Whataburger, Chick-Fil-A, Shane's Rib Shack, Waffle House, and Guthrie's. New developments in the immediate area

include McDonald's, Starbucks, Kay Jeweler's, Panera Bread, Moe's, Santino's, Verizon, Five Guys, Panda Express,

Jersey Mike's, Dick's Sporting Goods, and Ulta.

Phase I of the project included a complete interior and exterior renovation to the existing building for Hancock Bank and Jimmy John's, ingress/egress improvements on both Highway 90 and East Spencer Field Road, storm water retention expansion, re-striping and re-sealing of the parking lot, all new landscaping, and a new pylon sign. The pad site has all infrastructure in place and is ready to build up to up to an additional 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap.

Final lease rates for a build-to-suit are negotiable depending on build-out requirements, lease terms, and tenant's credit. The pad is also available for sale for $849,000 or ground lease for $79,000/year.