14 Jordan StPensacola, FL 32501

  • Office properties
  • 30,044 SF
For Lease
$9/SF/YR View listing

Property Details for 14 Jordan St

Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.69 AC
Property size (Sq ft)
30,044 SF
Zone code
C-2,R-2
Property type
Office properties
Property subtype
Office buildings
APN
00-0S-00-9010-001-124
APU
000S009010001124

Description

This exceptional 2,995-square-foot retail space is located in the Midtown Professional Building at 14 W Jordan St, Pensacola, FL 32501. Situated in a Class B, two-story building totaling 34,300 square feet, this unit offers a versatile layout ideal for various uses, including fitness centers, offices, cafes, or wellness centers. The building underwent renovations in 2020 and features convenient amenities such as one elevator and ample parking with 100 spaces. The property is zoned COM and boasts a prime location with easy access to I-10, serving both downtown Pensacola and the broader community. The space is part of a multi-tenant building fostering a diverse professional environment. The minimum divisible space is 2,995 square feet. Located near the intersection of Maxwell and Palafox streets, this property presents a unique opportunity in Escambia County (APN: 000S009010001124). Net, net, net (NNN) rent and utilities total $1,865 per month. This space is perfect for a coffee shop, smoothie bar, craft brewery, yoga studio, or a similar business.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,068,998
    6.5%
    $3,755,998
    7%
    $3,487,713
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,033,436
    Geo Method
    $2,135,828
  • Alternative Use

    Use
    Valuation
    Residential
    $4,657,438
    Hospitality
    $4,266,188
    Educational
    $3,549,418
    Medical
    $3,671,488
    Retail
    $5,521,318
14 Jordan St, Pensacola, Florida

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4339
Longitude
-87.2212
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
$27,089
-
-
$1,529,245
-
$154,665
$1,374,580
$1,529,245

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