99 Alcaniz StPensacola, FL 32502

  • Office properties
  • 4,505 SF
For Lease
$23/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
99 Alcaniz St, Pensacola, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,983
-
-
$1,126,270
-
$588,720
$619,411
$1,208,131

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