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    Commercial Lot in Tanyard Neighborhood Title is generated by Realmo AI

    1717 W Government St, Pensacola, FL 32502

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    Commercial lot in quiet neighborhood with large fenced yard.

    Type:Industrial
    Property size:
    848 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $247/SF
    Added:
    Nov 15, 2024
    Days on Market:
    599
    Last Refresh:
    May 12 at 10:26 pm

    Property Features for 1717 W Government St

    General Information

    Standard status
    Active
    Size
    848 SF
    Lot size
    0.17 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1935

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    Troy Stepherson
    Troy Stepherson

    Listing office Gunther Properties

    Listing date Nov 15, 2024

    Source Crexi

    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 Gunther Properties

    HighLights

    • C‑3 Commercial Zoning: Offering significant flexibility for various intensive business uses.
    • Large Fenced Yard: Enjoy ample outdoor space on this almost quarter‑acre (60'x125') lot.
    • New Roof and Plumbing, Newer HVAC: Reduces potential maintenance costs and offers modern comfort.
    • Rental Income: Currently rented for $1,500/month, providing immediate income potential.
    • Ample Parking: Enough room to park a boat, RV, or multiple vehicles.
    • Prime Location: Walking distance to popular restaurants and Emerald Republic Brewery.

    Overview

    This property is a historic home currently rented in the Tanyard Neighborhood. Zoned C-3 commercial, it allows a variety of intensive business uses. The property features a large, fenced yard on a 60'x125' parcel, totaling almost a quarter of an acre. Improvements include a new roof, new plumbing, and a newer HVAC system. Additional features are a termite bond, gas stove, cast iron tub, screened front and back porches, a front deck, and a laundry room. There is ample space to park a boat, RV, or multiple vehicles. The lot includes three oak trees. It is located three blocks from Emerald Republic Brewery and within walking distance of the Pearl & Horn, Taste of Jerusalem, Camellia, and Oar House restaurants. The property is currently rented for $1,500/month and has a size of 848 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $21.3k $25.08
    − Vacancy −$2.2k −$2.59
    EGI $19.1k $22.49
    − OpEx −$4.8k −$5.62
    NOI $14.3k $16.87
    848 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $204.3K
    $178.8K – $238.4K (±1% cap)
    NOI $14,302 @ 7.0% cap · market cap 6.81%
    Second Best
    Retail
    $136.9K
    $119.8K – $159.7K (±1% cap)
    NOI $9,584 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Office A
    $248.9K
    $217.8K – $290.4K (±1% cap)
    NOI $17,421 @ 7.0% cap · market cap 8.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    (Bike/Boat/Book/etc) Store Furniture & Home Goods Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Grocery & Convenience Store Cafe & Coffee Shop Barber Shop Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2369224
    Latitude
    30.4074604

    FAQs

    What type of property is this?
    Commercial land - Commercial lot in quiet neighborhood with large fenced yard.
    Where is this commercial land located?
    The property is located at 1717 W Government St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: C‑3 Commercial Zoning: Offering significant flexibility for various intensive business uses.; Large Fenced Yard: Enjoy ample outdoor space on this almost quarter‑acre (60'x125') lot.; New Roof and Plumbing, Newer HVAC: Reduces potential maintenance costs and offers modern comfort.
    (850) 748-4152 Call to check price and availability
    More about this property
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