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    902 Gadsden St Pensacola, FL 32501

    For Lease
    $23 SF/Yr ($6,250 /Mo)

    Charming Historic Office, High Visibility

    Lot size:
    3,161 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This stunning, single-tenant office building, circa 1901, offers 3,161 square feet of meticulously restored space at 902 E Gadsden St, Pensacola, FL 32501. Boasting high visibility on the corner of E Gadsden St and North 9th Avenue, this property enjoys a prime location with high traffic counts (13,900 vehicles daily in 2022). The building features beautiful hardwood floors, brick fireplaces, and impressive 11'6" ceilings. The layout includes five individual offices (four on the first floor and one on the second), a large copy room, a conference room, a full kitchen, and a restroom with a shower. Additional space is available for workstations, desks, and storage. Eight private parking spaces are provided. The building sits on a 2.4-acre lot and is zoned C-1. The property is currently vacant. NNN expenses are estimated at approximately $6.61 per square foot. This is an exceptional opportunity to secure a highly visible and historically significant office space in a central Pensacola location.

    Property Features for 902 Gadsden St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,161 SF
    Total Rate
    6250.88

    Unit(s) available at that property

    Space
    Size
    3,161 SF
    Rate per SF
    $23

    HighLights

    • High‑visibility office building on 9th Avenue & E. Gadsden St., Pensacola.
    • Historic, charming stand‑alone building, south of Krispy Kreme.
    • Excellent location with high traffic count (13,900 AADT, 2022).
    • Features hardwood floors, brick fireplaces, 11'6" ceilings, 5 private offices, large copy room, conference room, full kitchen, restroom with shower, covered porch, ample open space, and storage.
    • 8 private parking spaces and NNN expenses estimated at $6.61 PSF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lois B. Lepp ... Estate Planning Attorney

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.206697697686
    Latitude
    30.422184221319

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    FAQs

    What type of property is this?
    Office Property / Space - Charming Historic Office, High Visibility
    Where is this office property / space located?
    The property is located at 902 Gadsden St Pensacola, FL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: High-visibility office building on 9th Avenue & E. Gadsden St., Pensacola.; Historic, charming stand-alone building, south of Krispy Kreme.; Excellent location with high traffic count (13,900 AADT, 2022).
    Request Owner's contact information
    902 Gadsden St Pensacola, FL 32501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    902 Gadsden St Pensacola, FL 32501
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