1203 Jackson StPensacola, FL 32501

Property Details for 1203 Jackson St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

2,700 SF

Zone code

R-NC

Property type

Retail properties

Property subtype

Retail space

APN

00-0S-00-9060-013-058

APU

000S009060013058

Description

This exceptional 2,700 square foot property located at 1203 W Jackson Street, Pensacola, Florida, presents a unique investment opportunity. Built in 1920, this historic building sits on an expansive 11,325.6 square foot lot and is zoned R-NC (Residential/Neighborhood Commercial). Its prime location in a rapidly growing area near downtown Pensacola offers significant potential for a variety of businesses. The property is eligible for grant money through the Commercial Property Improvement Program, assisting with building rehabilitation. This presents a substantial advantage for potential buyers looking to restore this charming structure. Beyond commercial use, the zoning allows for subdivision into three lots, enabling the construction of three single-family dwellings. This flexibility provides diverse development options, catering to various investment strategies. The asking price is $399,000. This property offers a blend of historical charm and modern development potential, making it an attractive proposition for discerning investors. The property's size and location make it an ideal candidate for adaptive reuse or redevelopment. Don't miss this chance to acquire a piece of Pensacola's history and capitalize on its vibrant growth.

• CAP approach

  CAP return

  Valuation

  6%

  $537,540

  6.5%

  $496,191

  7%

  $460,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,508

  Geo Method

  $483,696

• Alternative Use

  Use

  Valuation

  Residential

  $418,556

  Hospitality

  $383,395

  Educational

  $318,980

  Medical

  $329,950

  Retail

  $496,191

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4181

Longitude

-87.2316

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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