1301 Government St Pensacola, FL 32502-5314
This exceptional commercial property, located at 1301 W Government St in Pensacola, Florida, offers 16,054 square feet of versatile space. The property comprises two buildings totaling 16,054 square feet, built in 1965 and 2006, and sits on a 0.71-acre lot. The main two-story office building features approximately 8,054 square feet, with a lobby, reception area, seven private offices on each floor, open bullpen areas, restrooms, an elevator, and break rooms. The warehouse component encompasses approximately 8,000 square feet, including 2,609 square feet of finished office space with conference rooms, restrooms, and kitchenettes. An additional 5,391 square feet of unfinished warehouse space is available, featuring a 12' x 12' roll-up door, 14' eave height, and 22' center height. The property includes a backup generator and ample parking with a planned new layout. Zoned C-3 (Commercial), this property benefits from its location within Pensacola's CRA Urban Overlay District, promoting high-quality design. The asking price is $2,395,000, with a price per square foot of $149.18. The property is currently vacant and offered as a NNN lease. Surrounding development includes planned single-family homes, indicating strong future growth potential. This is a unique opportunity to acquire a substantial mixed-use property in a revitalizing downtown area.
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Achieve Escambia Charitable Organization Social Service Agency
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Success By 6 Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-3 · Pensacola, FLPensacola. Always verify with local authorities before improvements.
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.