1851 St Mary Ave Pensacola, FL 32501
This 7,140-square-foot Class B office building in Pensacola, Florida, presents a compelling investment opportunity. Located at 1851 St. Mary Ave, this single-story, 1990-built structure sits on a 0.487-acre lot and boasts a distinctive red-tiled roof and stucco exterior. The building features a covered walkway, ample landscaping, and over 50 parking spaces with painted bumpers, accessed via multiple drives from St. Mary Avenue. A secured rear yard provides additional privacy. The interior layout is highly adaptable, currently configured with twenty offices, five restrooms, a large (40' x 32') open area suitable for cubicles or training, and three (20' x 18') rooms ideal for conference use. The building's zoning is COM, and its APN is 172S301600131131. Its convenient mid-city location offers easy access to I-10 and I-110, as well as proximity to Escambia County Administrative services, Baptist Hospital, and Ascension Sacred Heart. The asking price is $2,200,000. This property is currently vacant, offering significant potential for multi-tenant leasing or use as a single corporate headquarters. The building's previous use included medical offices, and it features built-in reception desks with check-in windows and ample storage.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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