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    119 Gregory St Pensacola, FL 32502

    Sponsored
    For Lease
    $15 SF/Yr ($11,110 /Mo)

    8,888 SF Creative Office, Flex Space Available

    Lot size:
    8,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Pensacola, Florida commercial property, located at 119 E Gregory St, offers 8,888 square feet of versatile office and flex space in two buildings. The property, zoned C-3, boasts a convenient downtown location near I-110, providing easy access for employees and clients. Built in 1940 and renovated in 1985, the property features two single-story buildings with a total of 30 parking spaces. The space is ideal for a variety of uses, including creative office, flex space, and coworking environments. Two suites are available, with a minimum divisible space of 4,290 square feet and a maximum contiguous space of 4,598 square feet. The property sits on a 1.5-acre lot and features a 10-foot ceiling height. Utilities are provided by Florida Power and Light. The property is classified as Class B and is situated in Escambia County, Florida, with the APN 000S009007002029 and zip code 32502. Ample parking and its proximity to I-110 make this a highly desirable location for businesses seeking a professional and accessible office environment. The property's flexible layout and substantial square footage make it suitable for a range of tenants, from engineering firms to construction companies.

    Property Features for 119 Gregory St

    General Information

    Property type
    Government properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,888 SF
    Class
    B
    Total Rate
    11110

    Building Details

    Year Built/Renovated
    1940/1985
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite: Warehouse Space
    Size
    4,290 SF
    Rate per SF
    $15
    Space
    Suite: A
    Size
    4,598 SF
    Rate per SF
    $19
    Property Profile Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Law Firm 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
    -87.2119937
    Latitude
    30.4158384

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    FAQs

    What type of property is this?
    Government property - 8,888 SF Creative Office, Flex Space Available
    Where is this government property located?
    The property is located at 119 Gregory St Pensacola, FL.
    What is the lease rate?
    The lease rate is $15-$19 SF/Yr.
    Request Owner's contact information
    119 Gregory St Pensacola, FL 32502
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    Pensacola, FL 32502
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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
    119 Gregory St Pensacola, FL 32502
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