16 La Rua StPensacola, FL 32501

Property Details for 16 La Rua St

Year built

1900

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

3,209 SF

Zone code

PR-2

Property type

Office properties

Property subtype

Office buildings

APN

00-0S-00-9010-250-020

APU

000S009010250020

Description

This exceptional 3,038 square foot office building presents a unique investment opportunity in the heart of Pensacola, Florida. Built in 1900, this two-story, Class C building boasts significant historical character and is situated on a 0.26-acre lot. Currently vacant, the property offers immediate occupancy and the chance to customize the space to suit a variety of needs. The building's PR-2 zoning allows for flexible use, making it ideal for creative office space, traditional office setups, or even a loft conversion. With a net rentable area of 3,038 square feet, the asking price is $850,000, translating to $279.79 per square foot. The property's prime location in Pensacola, combined with its historic charm and versatile zoning, presents a compelling opportunity for owner-users seeking a unique and well-positioned commercial space. The property's APN is 000S009010250020. This is a rare chance to acquire a piece of Pensacola history and shape its future. The building is located at 16 W La Rua St, Pensacola, FL 32501.

• CAP approach

  CAP return

  Valuation

  6%

  $434,610

  6.5%

  $401,178

  7%

  $372,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,191

  Geo Method

  $228,128

• Alternative Use

  Use

  Valuation

  Residential

  $497,461

  Hospitality

  $455,672

  Educational

  $379,113

  Medical

  $392,152

  Retail

  $589,732

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4187

Longitude

-87.2174

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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