Historic Mixed-Use
312 DAVIS HWY, Pensacola, FL 32504
For Sale
Contact for pricing
OEHC-1 zoning supports residential, office, and select neighborhood commercial uses.
Property Size1,127 SF
Price / SF$354.04
Days on Market60
Property Features for 312 DAVIS HWY
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Octavius Real Estate
(850) 498-8128
Listed By:
James O'Donovan · License FL #15495
(850) 748-9881
Source:
Moodyscre
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 12 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Octavius Real Estate
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Investment Insights
Based on property information with market context.
Built in 1915, this approximately 1,127-square-foot property includes 2 bedrooms and 1 bathroom within a flexible mixed-use configuration. The OEHC-1 Old East Hill Neighborhood Commercial zoning supports residential, office, and select neighborhood commercial uses, accommodating possibilities such as a professional office, studio, boutique business, residence, or live/work arrangement.
The property is located at 312 Davis Hwy in Pensacola’s Old East Hill Historic District, with access to Downtown Pensacola and Palafox Street. Restaurants, shopping, entertainment, hospitals, and surrounding historic neighborhoods are also identified in the immediate area. Its highway location provides a visible setting for an owner-occupant, business user, or investor seeking a property with both residential and commercial-use potential.
The property is located at 312 Davis Hwy in Pensacola’s Old East Hill Historic District, with access to Downtown Pensacola and Palafox Street. Restaurants, shopping, entertainment, hospitals, and surrounding historic neighborhoods are also identified in the immediate area. Its highway location provides a visible setting for an owner-occupant, business user, or investor seeking a property with both residential and commercial-use potential.
Key Highlights
- OEHC‑1 Old East Hill Neighborhood Commercial zoning
- Approximately 1,127 square feet with 2 bedrooms and 1 bathroom
- 1915 construction date
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,007
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,140
$380.1K
Cap Rate 7%
$271,529
$271.5K
Cap Rate 9%
$211,189
$211.2K
Market Conditions
NOI Build-Up for 1,127 SF
Gross rent
$28.3K $25.08/SF
− Vacancy
−$2.9K −$2.59/SF
EGI
$25.3K $22.49/SF
− OpEx
−$6.3K −$5.62/SF
NOI
$19.0K $16.87/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,140
Cap Rate 7%
$271,529
Cap Rate 9%
$211,189
Alternative Uses
Best Use
Office B
$271.5K
$237.6K – $316.8K
NOI $19,007 @ 7.0% cap · market cap 4.76%
Second Best
Mixed Use
$191.3K
$167.4K – $223.2K
NOI $13,389 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,153 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,715
Businesses Nearby
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Business Placement
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Pensacola, FL
Properties on Market for Mixed-use properties in Pensacola
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - OEHC-1 zoning supports residential, office, and select neighborhood commercial uses.
Where is this mixed-use property located?
The property is located at 312 DAVIS HWY Pensacola, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: OEHC‑1 Old East Hill Neighborhood Commercial zoning; Approximately 1,127 square feet with 2 bedrooms and 1 bathroom; 1915 construction date
