117 Pace Pky 13,248 SF 100% Leased Office Building Cantonment, FL 32533 $1,249,348 CAD ($94.30 CAD/SF)

Develop a 50-95 Bed Assisted Living Facility Seize this exceptional opportunity to purchase, redevelop, and repurpose an existing building into a 50-bed ALF in Cantonment, which is a dynamic submarket of Pensacola.
This former office building offers 13,440 gross square feet in shell condition and presents an ideal canvas for a modern ALF. The owner has secured approvals and blueprints to build a well-designed 50-bed Assisted Living Facility. Approved building permits will be transferred to the buyer at closing.
The zoning of this parcel is Low-Density Mixed-use, which allows for Assisted Living.
The initial phase is planned for 50 beds, with the potential to expand in a second phase to approximately 95 beds, subject to final design and approvals. The total number of beds is determined by the room size and unit configuration, offering buyers the opportunity to maximize the potential ALF capacity.
We have also provided a conceptual plan for the 95-bed expansion, designed to accommodate both Memory Care and Assisted Living sections. The final layout includes separate dining areas, a shared common space, and secure courtyards for each section.
DISCLAIMER: The information provided in this listing has been obtained from sources deemed reliable, including publicly available data and online research. However, no representations or warranties, express or implied, are made by KW Commercial, Parks Commercial Group, Keller Williams at the Parks (Broker), or the seller regarding the accuracy, completeness, or reliability of this information.The buyer is solely responsible for conducting their own due diligence to verify all details, including but not limited to zoning, permitted uses, redevelopment feasibility, market rents, re-licensing requirements, maximum number of licensed beds allowed, infrastructure improvements, and any other factors relevant to the buyer’s intended use.
Information regarding potential tax benefits, incentives, or development programs, including Brownfield Redevelopment benefits, has been sourced from public records and online sources. These incentives are subject to change and are controlled by governmental authorities, not the seller or broker. The buyer is responsible for verifying eligibility, applicability, and potential financial impact with the appropriate agencies.
Additionally, all information regarding builder developments, new home communities, population growth, infrastructure projects, road expansions, and other economic development initiatives has been sourced online. The seller and broker do not guarantee the accuracy, timing, or completion of any such projects. The buyer should independently verify this information with the appropriate sources before making any purchase or investment decision. Neither the seller nor broker makes any representations or guarantees regarding the feasibility of assisted living or any other specific use, nor do they warrant the accuracy of any economic development projections, future growth assumptions, or infrastructure plans mentioned in this listing.