1417 W Cervantes St Pensacola, FL 32501
- Retail properties
- 8,308 SF
- 0.50 lot acres
Current Use by Public Records
- St. Vincent DePaul Thrift Store / Thrift Store
- StormTech Shutter Systems LLC / Window Installation Service / Aluminum Window
- Anilox Cleaning System / Cleaners
Property Details for 1417 W Cervantes St
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.50 lot acres
- Property size
- 8,308 SF
- Zone code
- C-1,C-3
- Property type
- Retail properties
- APN
- 00-0S-00-9060-007-076
- APU
- 000S009060007076
Description
This exceptional 14,388-square-foot industrial property, located in Downtown Pensacola's vibrant C-1 and C-3 zoned area, presents a unique investment opportunity. The single-story building, constructed in 1959 and extensively renovated in 2021, boasts a flexible layout ideal for various uses. Currently, 3,465 square feet of warehouse space is available for lease. The available unit features a desirable 10-foot-plus ceiling height, a 10' wide x 9' high roll-up door for easy loading and unloading, a dedicated office area, a restroom, and ample storage space. The property sits on a 0.67-acre lot and is conveniently located just one mile from the heart of Downtown Pensacola, offering excellent access to major transportation routes and a thriving commercial district. The building's multiple tenancy allows for diverse occupancy options. This is a rare opportunity to acquire a well-maintained, recently renovated industrial space in a prime location. The property's APN is 000S009060007076. The building does not include elevators.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,205,000
- 7%
- $1,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,190,000
- Geo Method
- $1,135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,480,000
- Retail
- $1,405,000
- Mixed-Use
- $1,110,000
- Hospitality
- $1,140,000
- Educational
- $1,250,000
- Residential Income
- $1,340,000
- Energy
- $1,155,000
- Income-Based Land
- $1,175,000
- Food Service
- $1,275,000
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2342
- Latitude
- 30.4201
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
