99 Alcaniz StPensacola, FL 32502

Property Details for 99 Alcaniz St

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

4,505 SF

Zone code

HC-1

Property type

Office buildings

APN

00-0S-00-9001-003-213

APU

000S009001003213

Description

This exceptional 4,505-square-foot, single-story office building is ideally situated at 99 S Alcaniz St, Pensacola, FL 32502, on the northwest corner of S. Alcaniz St. and E. Romana St. Built in 1952 and extensively renovated in 2022, this Class B property offers excellent visibility and walkability to downtown Pensacola's vibrant core, just blocks from Palafox Street and Seville Square. The building features two separate entrances, each with its own lobby, providing flexibility for multiple tenants. The interior boasts two conference rooms, a large open reception area, fourteen private offices (most with exterior windows), an IT room, four restrooms, and ample storage. New carpet tiles enhance the modern feel. The property includes a private parking lot with twelve spaces, supplemented by convenient street parking. The building is zoned HC-1 and offers a 120-volt power supply. The entire 4,505 square feet is currently vacant and can be leased as a whole or divided into two smaller suites of 1,840 and 2,665 square feet. This is a rare opportunity to secure a well-maintained, centrally located office building in the heart of Pensacola's thriving downtown area. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $610,133

  6.5%

  $563,200

  7%

  $522,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $304,907

  Geo Method

  $320,260

• Alternative Use

  Use

  Valuation

  Residential

  $698,368

  Hospitality

  $639,701

  Educational

  $532,224

  Medical

  $550,528

  Retail

  $827,904

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4125

Longitude

-87.2103

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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