1375 Government St Pensacola, FL 32502
This exceptional 16,054-square-foot mixed-use building, previously home to the United Way of West Florida, presents a unique opportunity in Downtown Pensacola's vibrant urban core. The property boasts 8,000 square feet of warehouse space, complemented by approximately 2,609 square feet of finished office space. The office area includes two large conference rooms, two restrooms, a breakroom/kitchenette, and ample closet space. The warehouse features a 12' x 12' roll-up door, 14' eave height, and a 22' center height, providing excellent functionality. Direct access to a rear parking lot is available from the warehouse. Nine parking spaces are provided, representing 24.6% of allocated parking. A new parking lot layout, permitted and planned for completion by October, is available for review. The office area's flat roof recently received a new coating with a 10-year warranty, and a well-maintained backup generator is on-site. This Class B building is situated within Pensacola's CRA Urban Overlay District, encouraging high-quality design and development. The surrounding area is experiencing revitalization, with new single-family home construction planned and existing substandard structures being demolished. This property offers a blend of modern amenities and a prime location, ideal for a variety of businesses. The single-tenant occupancy provides flexibility and control.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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