236 Garden StPensacola, FL 32502

  • Office buildings
  • 12,758 SF
For Lease
$17/SF/YR View listing

Property Details for 236 Garden St

Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.73 AC
Property size (Sq ft)
12,758 SF
Zone code
C-2A
Property type
Office buildings
APN
00-0S-00-9070-009-005
APU
000S009070009005

Description

This exceptional commercial property, located at 236 W Garden St in Pensacola, Florida (32502), offers 2,633 square feet of leasable space within a larger 12,454 square foot building. The single-story building, constructed in 1954 and renovated in 2000, features a Class B designation and boasts 10-foot ceilings. The property sits on approximately 0.73 to 1 acre of land and is zoned C-2A (APN: 000S009070008005). The building comprises five total suites, offering a flexible layout suitable for multiple tenants. Its prime location at the intersection of W Garden and Chase Streets provides high visibility and accessibility, making it ideal for a variety of businesses. The property's strategic positioning within a thriving local economy presents a significant opportunity for growth and success. This is a rare opportunity to secure a well-maintained, conveniently located office space in the heart of downtown Pensacola. The property's traditional office layout is perfect for businesses seeking a professional and functional workspace.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,727,875
    6.5%
    $1,594,962
    7%
    $1,481,036
  • Comparable approach

    Method
    Valuation
    Relative Method
    $863,486
    Geo Method
    $906,966
  • Alternative Use

    Use
    Valuation
    Residential
    $1,977,752
    Hospitality
    $1,811,611
    Educational
    $1,507,239
    Medical
    $1,559,075
    Retail
    $2,344,594
236 Garden St, Pensacola, Florida

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4127
Longitude
-87.2197
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
$27,005
-
-
$1,431,199
-
$573,948
$857,251
$1,431,199

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