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OFF-MARKET
Specialty properties

119 Gregory St Pensacola, FL 32502

8,888 SF Built 1940
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Year built 1940
Total area 8,888 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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