Overview
Pensacola Portfolio: Adaptable Commercial Properties
This portfolio comprises four properties in Pensacola, Florida, offering a blend of income-producing assets and adaptable spaces suitable for investors, owner-users, or redevelopment. The portfolio includes an event center at 375 N. Pace Blvd, featuring 7,408 square feet of space, an additional 766 square feet of outdoor entertainment area, and meticulously maintained grounds. The interior includes an elegant entryway, wood plank floors, a neutral paint theme, a full fire suppression system, a built-out bar area, a commercial-grade kitchen with an 8-ft ventilation hood, grease trap, range/oven, coolers/freezers, dedicated kitchen HVAC, dry storage, health department-compliant sinks and service fixtures, multi-stall restrooms, private staff break rooms, and storage areas. The venue has a fire marshal-rated capacity of 350 guests. A former 3-bedroom, 2-bathroom home at 321 N. Pace Blvd is currently used as guest lodging for the event venue but can be repurposed for office, retail, short-term rental, or residential use. The property at 2155 W. Belmont is a 3-bedroom, 2-bathroom structure with a new roof (2020), fiber connectivity (2022), and a 16-space parking layout. Formerly used for event center storage, it offers potential for office or restaurant conversion and sits on a 0.33-acre C-1 zoned lot. Finally, 312 N. P Street is a cleared, paved 10-space parking lot on a C-1 zoned parcel, suitable for additional parking or infill redevelopment. The portfolio offers over 10,149 square feet of building space and a total land area of 1.2214 acres across four parcels, positioned at the intersection of N Pace Blvd and W Belmont Street. The properties have flexible zoning, existing infrastructure, and a walkable layout, presenting opportunities for venue operators, restaurant or retail showroom users, or future redevelopment.
