Historic Home with Commercial
1717 W Government St Pensacola, FL 32502
1717 W Government St, Pensacola, FL, 32502
$209,900
For Sale
$209,900
848 SF Historic Home For Sale Zoned C-3 in Tanyard Neighborhood
Property Size848 SF
Lot Size0.17 Acres
Price / SF$247.52
Days on Market528
Property Features for 1717 W Government St
General Information
- Standard status
- Active
- Property type
- Other office properties, Residential offices, Other mixed-use properties, Office Spaces, Mixed-use properties
- Size
- 848 SF
- Class
- B
- Elevators
- N/A
- Lot size
- 0.17 Acres
Building Details
- Year Built
- 1935
- Year Renovated
- 2023
- Buildings
- 1
- Stories
- 1
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 7, 2025 Updated: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This historic 848-square-foot home is located in Pensacola's Tanyard neighborhood. Zoned C-3, the property allows for a variety of intensive commercial uses. Situated on a 0.17-acre lot, the property boasts a large fenced yard, providing ample space for parking. The home features a recently installed roof, new plumbing, and a newer HVAC system. Additional features include a termite bond and a gas stove. The property includes screened front and back porches, along with a front deck and an in-home laundry room. Three oak trees grace the property. Its location places it within three blocks of the Emerald Republic Brewery and within walking distance of several restaurants including the Pearl & Horn, Taste of Jerusalem, Camellia, and Oar House. The property previously commanded a monthly rental income of $1,700.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.3k | $25.08 |
| − Vacancy | −$2.2k | −$2.59 |
| EGI | $19.1k | $22.49 |
| − OpEx | −$4.8k | −$5.62 |
| NOI | $14.3k | $16.87 |
848 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$204.3K
$178.8K – $238.4K
NOI $14,302 @ 7.0% cap · market cap 6.81%
Second Best
Mixed Use
$143.9K
$125.9K – $167.9K
NOI $10,074 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$248.9K
$217.8K – $290.4K
NOI $17,421 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Office property - 848 SF Historic Home For Sale Zoned C-3 in Tanyard Neighborhood
Where is this office property located?
The property is located at 1717 W Government St Pensacola, FL.
What is the asking price?
The asking price for this property is $209,900.
