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    1842 Cervantes St Pensacola, FL 32501

    For Sale
    $44,000

    0.21-Acre C-3 Zoned Lot, $44K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.21-acre commercial land parcel presents a compelling investment opportunity in Pensacola, Florida. Located at 1842 W Cervantes St, in Escambia County, zip code 32501 (30.4208653, -87.2387633), this property boasts a highly desirable C-3 zoning designation, opening doors to a wide array of commercial uses. The asking price is $44,000, translating to an attractive price per acre of $209,524. Situated on a corner lot at the intersection of Cervantes and "M" Street, this vacant land offers excellent visibility and accessibility. Its strategic location makes it ideal for various commercial ventures, potentially including additional parking for nearby businesses. The property's size and zoning make it a particularly attractive option for those seeking assemblage possibilities with other nearby parcels. Note that the owner also possesses an adjacent property across the street, presenting further opportunities for expansion or development. This is a rare chance to acquire a well-positioned commercial lot in a thriving area of Pensacola. Serious inquiries are encouraged.

    Property Features for 1842 Cervantes St

    General Information

    Property type
    Land
    Lot Size
    9,148 SF

    HighLights

    • $44,000 asking price for 0.21 acres of commercial land.
    • Located at 1842 W Cervantes St, Pensacola, FL 32501.
    • C‑3 zoning.
    • Land value: $209,524 per acre.
    • Vacant corner lot at Cervantes & "M" Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2387633
    Latitude
    30.4208653

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    FAQs

    What type of property is this?
    Land - 0.21-Acre C-3 Zoned Lot, $44K
    Where is this land located?
    The property is located at 1842 Cervantes St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $44,000.
    What are key features of this property?
    This property features: $44,000 asking price for 0.21 acres of commercial land.; Located at 1842 W Cervantes St, Pensacola, FL 32501.; C-3 zoning.
    (850) 477-7044
    Request Owner's contact information
    1842 Cervantes 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
    1842 Cervantes St Pensacola, FL 32501
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