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    2701 W Cervantes St Pensacola, FL 32505

    Source: https://www.saltercompany.com
    For Sale
    $250,000

    High-visibility, .53-acre C-3 zoned lot. Opportunity Zone.

    Property size:
    23,087 SF

    Description

    Added:
    Feb 14, 2025
    Days on Market:
    298
    This exceptional 0.53-acre commercial property, located on West Cervantes Street in Pensacola, Florida, presents a compelling investment opportunity. Zoned C-3, this lot allows for a diverse range of commercial developments, including retail, office, or mixed-use projects. Its prime location ensures high visibility and easy access to major roadways, maximizing exposure and attracting significant foot traffic. The property's designation as an Opportunity Zone offers potential tax incentives for investors, further enhancing its appeal. Priced at $250,000, this translates to approximately $471,698 per acre, representing a strong value proposition in a thriving commercial area. Ideal for entrepreneurs, developers, and investors seeking to capitalize on the growth potential of this strategic location. This versatile parcel is ready for immediate development, offering a unique chance to establish or expand a business within a dynamic commercial corridor. The property's size and zoning make it suitable for a variety of commercial ventures, promising a significant return on investment. Serious inquiries are encouraged.

    Property Features for 2701 W Cervantes St

    General Information

    Property type
    Other land
    Square Feet
    23,087 SF
    Price / Square Foot
    $10
    Total Parking Spaces
    10
    Elevators
    N/A
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1945
    Buildings
    1
    Stories
    1

    HighLights

    • 0.53‑acre commercial lot ideal for diverse business uses.
    • C‑3 zoning permits retail, office, and other commercial development.
    • Opportunity Zone location offers potential tax advantages for investors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.248338
    Latitude
    30.420695

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    FAQs

    What type of property is this?
    Land - High-visibility, .53-acre C-3 zoned lot. Opportunity Zone.
    Where is this land located?
    The property is located at 2701 W Cervantes St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 0.53-acre commercial lot ideal for diverse business uses.; C-3 zoning permits retail, office, and other commercial development.; Opportunity Zone location offers potential tax advantages for investors.
    (850) 564-0120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2701 W Cervantes St Pensacola, FL 32505
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