Apartment Community with Expansion
8640 Jernigan Road, Pensacola, FL 32514
For Sale
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The existing rental community includes multiple residential building types, with a conceptual plan for additional apartments and duplexes.
Property SizeContact for details
Lot Size8.37 Acres
Days on Market21
Property Features for 8640 Jernigan Road
General Information
Standard status
Lot size
Property subtype
Occupancy
Net Operating Income
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
V3 Capital Group
Listed By:
Grant Rowars · License FL SL3365027
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 10 at 8:29AM
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 V3 Capital Group
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Investment Insights
Based on property information with market context.
Bennett Apartments is a multifamily community on approximately 8.374 acres in Pensacola, Florida. Built in 2000, the property comprises 19 residential buildings: 16 duplexes, two triplexes and one single-family residence.
An ownership-prepared conceptual plan outlines a possible expansion. It considers replacing the single-family residence with approximately 24 apartment units and placing 12 new duplex buildings on additional open land. The proposed development remains subject to final design and governmental approvals.
An ownership-prepared conceptual plan outlines a possible expansion. It considers replacing the single-family residence with approximately 24 apartment units and placing 12 new duplex buildings on additional open land. The proposed development remains subject to final design and governmental approvals.
Key Highlights
- Approximately 8.374‑acre multifamily property in Pensacola, Florida
- Built in 2000; 19 buildings include 16 duplexes, two triplexes and one single‑family residence
- Conceptual plan considers approximately 24 apartment units in place of the single‑family residence
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
39
Residential units
97.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
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Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The existing rental community includes multiple residential building types, with a conceptual plan for additional apartments and duplexes.
Where is this apartment building located?
The property is located at 8640 Jernigan Road Pensacola, FL.
What is the asking price?
The asking price for this property is $5,990,000.
What are key features of this property?
This property features: Approximately 8.374‑acre multifamily property in Pensacola, Florida; Built in 2000; 19 buildings include 16 duplexes, two triplexes and one single‑family residence; Conceptual plan considers approximately 24 apartment units in place of the single‑family residence
