1817 W Pine St Pensacola, FL 32502

This offering includes four parcels featuring eight fully-leased residential cottages, totaling 7,325 square feet. The property is zoned C-3 (Commercial) within the City of Pensacola, offering investors significant flexibility for future development or adaptive reuse. C-3 zoning allows for a wide range of permitted uses, including mixed-use, multifamily, hospitality, retail, and office, making this an ideal land bank play or repositioning opportunity. The property is not marketed as 8 individual homes, but as a cohesive group of income-generating assets with strong upside. The location offers excellent street visibility with parcels located on both sides of the street and ample accessibility for future development or tenant repositioning. The property is located just steps from Sanders Beach, offering waterfront views, public access, and proximity to the Blue Wahoos Stadium, the Downtown Business Core, and the Maritime Park. The property has 100% occupancy with $163,980 Gross Operating Income and $114,646.59 NOI at a 7.6% CAP Rate. The Operational Expense Ratio (OER) is 29.57%. The tenant roster is fully updated effective 9/4/25, offering current, stabilized income.