14 Jordan StPensacola, FL 32501

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 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.

• 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

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

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