Patriot Place Townhomes

About Patriot Place Townhomes

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Patriot Place Townhomes, a 56-unit BTR community located in the thriving and undersupplied Pace submarket. The property’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles from high quality retailers and maintains convenient access to Pensacola’s primary economic drivers (<20 minutes). The 56 existing townhomes comprise a healthy mix of large 2 & 3 bedroom units with garages. Interiors are largely in original condition, presenting a compelling value add opportunity. Notably, the offering includes 4.18 acres of adjoining development land with county-approved plans for 44 more units. Built between 2007 and 2018, Patriot Place represents a unique opportunity acquire a performing asset paired with zoned development land in a submarket with limited supply and positive market fundamentals.