1301 W Government St Pensacola, FL 32502
- Office buildings
- 8,054 SF
- 0.75 lot acres
Current Use by Public Records
- Achieve Escambia / Non-Profit Organization
- Success By 6 / Non-Profit Organization
Property Details for 1301 W Government St
- Year built
- 1960
- Construction
- STEEL FRAME
- Lot size
- 0.75 lot acres
- Property size
- 8,054 SF
- Zone code
- C-3
- Property type
- Office buildings
- APN
- 00-0S-00-9080-001-123
- APU
- 000S009080001123
Description
This exceptional commercial property, located at 1301 W Government St in Pensacola, Florida, offers 16,054 square feet of versatile space. The property comprises two buildings totaling 16,054 square feet, built in 1965 and 2006, and sits on a 0.71-acre lot. The main two-story office building features approximately 8,054 square feet, with a lobby, reception area, seven private offices on each floor, open bullpen areas, restrooms, an elevator, and break rooms. The warehouse component encompasses approximately 8,000 square feet, including 2,609 square feet of finished office space with conference rooms, restrooms, and kitchenettes. An additional 5,391 square feet of unfinished warehouse space is available, featuring a 12' x 12' roll-up door, 14' eave height, and 22' center height. The property includes a backup generator and ample parking with a planned new layout. Zoned C-3 (Commercial), this property benefits from its location within Pensacola's CRA Urban Overlay District, promoting high-quality design. The asking price is $2,395,000, with a price per square foot of $149.18. The property is currently vacant and offered as a NNN lease. Surrounding development includes planned single-family homes, indicating strong future growth potential. This is a unique opportunity to acquire a substantial mixed-use property in a revitalizing downtown area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,575,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,415,000
- 6.5%
- $2,230,000
- 7%
- $2,070,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $979,000
- AI Estimate
- $979,000
Market price range: $721k - $1.71MMarket price range: $721k - $1.71M
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Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2327
- Latitude
- 30.4072
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA