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Stormwater-Exempt Commercial Land
For Sale
$1,700,000

120 S Tarragona St, Pensacola, FL 32502

Land, Pensacola, FL

Property SizeContact for details
Lot Size0.33 Acres
Days on Market200

Property Features for 120 S Tarragona St

General Information

Property type Land
Property subtype Other
Subdivision Old City Tract
Elementary school Global Learning Academy
Middle school WORKMAN
High school Pensacola
Directions From Garden St, south on Tarragona, lots are located on the left before Intendencia St. Location of lot is currently being used as a parking lot.
Standard status Active
APN 000S007901000002
Lot size 0.33 Acres

Taxes and HOA fees

Tax Description LT 2 TERRACES AT TARRAGONA PB 20 P 91/91A OR 8390 P 292 OR 8964 P 1924 CA 74
Legal Description LT 2 TERRACES AT TARRAGONA PB 20 P 91/91A OR 8390 P 292 OR 8964 P 1924 CA 74

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: Levin Rinke Realty
Listed By: Joshua Keith · License #15040
Added: Mar 6 Changed: Aug 30 Last Checked: Sep 22 at 9:06AM
MLS# 678806

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.3272-acre commercial land parcel is vacant and located within Pensacola’s downtown Historic District. The site carries a stormwater exemption and has access to public water and public sewer service.

The surrounding area includes restaurants, retail properties, offices, and residential development. Its downtown setting places the parcel within an established urban environment characterized by pedestrian-oriented development and preserved historic character. The property is situated at 120 S Tarragona St in Pensacola, Florida, offering a defined setting for future commercial land use consistent with applicable district requirements.

Key Highlights

  • 0.3272‑acre vacant commercial land parcel
  • Stormwater‑exempt site within Pensacola’s downtown Historic District
  • Public water source and public sewer service

Property Analytics

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Current Use

Premium Parking - P2823 Parking Lot & Garage 120 S Tarragona ... Parking Lot & Garage

Suggested Use

Top Pick Auto Parts Store Daycare Center Plumbing Service (Bike/Boat/Book/etc) Store Florist Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,943
Businesses Nearby

Demographics for 32502, FL

4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant parcel with public water and sewer service.
Where is this commercial land located?
The property is located at 120 S Tarragona St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 0.3272‑acre vacant commercial land parcel; Stormwater‑exempt site within Pensacola’s downtown Historic District; Public water source and public sewer service
More about this property
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