1417 Cervantes StPensacola, FL 32501

Property Details for 1417 Cervantes St

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

8,308 SF

Zone code

C-1,C-3

Property type

Retail properties

Property subtype

Other retail properties

APN

00-0S-00-9060-007-076

APU

000S009060007076

Description

This exceptional 14,388-square-foot industrial property, located in Downtown Pensacola's vibrant C-1 and C-3 zoned area, presents a unique investment opportunity. The single-story building, constructed in 1959 and extensively renovated in 2021, boasts a flexible layout ideal for various uses. Currently, 3,465 square feet of warehouse space is available for lease. The available unit features a desirable 10-foot-plus ceiling height, a 10' wide x 9' high roll-up door for easy loading and unloading, a dedicated office area, a restroom, and ample storage space. The property sits on a 0.67-acre lot and is conveniently located just one mile from the heart of Downtown Pensacola, offering excellent access to major transportation routes and a thriving commercial district. The building's multiple tenancy allows for diverse occupancy options. This is a rare opportunity to acquire a well-maintained, recently renovated industrial space in a prime location. The property's APN is 000S009060007076. The building does not include elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,654,031

  6.5%

  $1,526,798

  7%

  $1,417,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,417,000

  Geo Method

  $1,488,352

• Alternative Use

  Use

  Valuation

  Residential

  $1,287,911

  Hospitality

  $1,179,720

  Educational

  $981,513

  Medical

  $1,015,268

  Retail

  $1,526,798

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4201

Longitude

-87.2342

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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