For Sale
$370,000

320 W Cervantes St Pensacola, FL 32501

Income-producing, renovated historic office building.

Source: https://www.saltercompany.com

Overview

Added:
Feb 3
Days on market:
81
This stunning 1,757 sq ft renovated historic office building, originally built in 1908 and updated in 1980, is located at 320 W Cervantes St, Pensacola, FL 32501, within the North Hill Preservation District (PR-2 zoning). The property boasts five spacious offices, a nicely updated kitchen, two restrooms (one with a shower), and two storage rooms. A bonus sunroom with an ADA-compliant wheelchair ramp adds to its appeal. The 2023 HVAC upgrade ensures modern comfort. The building retains beautiful original architectural details including wood molding, hand-carved fireplaces (five, capped-off), original wood doors and hardware, leaded glass windows, 11-foot ceilings, and refinished hardwood floors. A welcoming front and side porch enhance its historic charm. The property includes five dedicated parking spaces and a shared driveway easement. Its prime location on Cervantes Street, between Reus and Barcelona Streets, offers high visibility and easy access to downtown amenities and a diverse mix of professional businesses. This income-generating property, situated on a 0.2177 acre lot, presents a unique investment opportunity with a net size of 1,757 sq ft and a total building size of 2,477 sq ft. The asking price is $370,000, generating a net operating income of $27,300. This is an ideal addition to any investor's portfolio seeking long-term, stable income.

Highlights

  • 1,757 SF renovated historic building in Pensacola, FL, generating $27,300 net operating income.
  • Prime location on Cervantes Street, near downtown, with five parking spaces and high visibility.
  • Features five offices, updated kitchen, two restrooms (one with shower), and two storage rooms; HVAC upgraded 2023.

Property Details for 320 W Cervantes St

Property type
Residential offices, Office properties
Square Feet
2,477 SF
Price / Square Foot
$149.37
Class
B
Year Built/Renovated
1908/1990
Buildings
1
Stories
1
Total Parking Spaces
5
Elevators
N/A
Net Rentable (sq. ft)
1,757 SF
Lot Size (sq. ft)
9,486 SF
Net Operating Income
$27,300

Location Insight

City
Pensacola
County
Escambia
State
Florida

FAQs

What type of property is this?
Residential office - Income-producing, renovated historic office building.
Where is the residential office located?
The property is located at 320 W Cervantes St Pensacola, FL.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,757 SF renovated historic building in Pensacola, FL, generating $27,300 net operating income.; Prime location on Cervantes Street, near downtown, with five parking spaces and high visibility.; Features five offices, updated kitchen, two restrooms (one with shower), and two storage rooms; HVAC upgraded 2023.
How can I contact the broker?
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320 W Cervantes St
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