224 Garden St Pensacola, FL 32502
This exceptional 916 sq ft Class A mixed-use property, located at 224 E Garden St #5, Pensacola, FL 32502, is a fully renovated, 100% occupied, owner-user investment opportunity. Boasting a 12-foot ceiling height, porcelain tile flooring, and modern finishes throughout, the suite includes a reception area, two private offices, a spacious conference room, and a break/printer room. Multiple access points via glass storefront doors enhance convenience. Amenities include access to an indoor and outdoor pool, and the HOA fee covers water, power, trash, property insurance, security, and parking lot maintenance. The property features a C-2A Downtown Retail Commercial zoning designation. The building, renovated in 2024, offers a pro-forma cap rate of 8.00%. Its prime location provides convenient access to the I-10 Interstate on-ramp. This single-story building presents a unique blend of executive office and retail space, ideal for a discerning owner-occupant. The asking price is $364,900.
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Mark Lee Smith Pa Law Firm
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Sandra J Ward Realty, Inc. Real Estate Agency
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Carlton Palms Condominium Condominium Complex
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ALVINA PATIN, SANDRA J. WARD REALTY, INC Real Estate Agency
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Rachael Osburn Real Estate Agency
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.