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3201 Olive Rd
Pensacola, FL 32514 Ferry Pass

$1,753,846 USD

Medical For Sale  •  4,514 SF

Property Details

  • Property Type Medical
  • Total Building Size 4,514 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 1991
  • Cap Rate 6.50 %
  • Tenancy Single
  • Zoning R-4
30 Transit Score
50 Walk Score

Highlights

The property underwent a significant 2023 interior renovation including a full gut remodel with new sheetrock, updated finishes, fixtures
The property operates under an absolute NNN lease structure with above-market 3% annual rental increases
The property features a specialized dental buildout with significant dental-specific infrastructure and tenant improvements in place
The property is strategically positioned along E Olive Road within an established Northeast Pensacola healthcare corridor with convenient access
Located within a dense residential area of Pensacola with strong surrounding household density and a large family-oriented population base
The property offers convenient access to major Pensacola thoroughfares including Interstate 10
Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Great smiles of the Emerald Coast
Smart Smiles Orthodontics

Public Transportation

AirportDriveWalkDistance
Pensacola International 11 min - 5.5 mi
Jake Allen 954-295-4534 Matthews Real Estate Investment Services
Jake Allen 954-295-4534 Matthews Real Estate Investment Services