Property summary
This exceptional Pensacola, Florida commercial property, located at 1616 W Avery St, 32501, presents a unique investment opportunity. The property consists of two buildings totaling 5,040 square feet, situated on two lots boasting significant frontage on Avery Street, Lakeview, and an unnamed street (L). Built in 1982 and extensively renovated in 1990 and 2016, the property features a two-story brick main building. The upper floor offers updated office space, ideal for creative businesses, while the ground floor provides ample industrial space. Significant improvements include updated electrical, plumbing, and air conditioning systems installed in 2016, ensuring modern functionality. A new metal roof was added in 2021, enhancing durability and longevity. Beyond the main building, the property includes a separate storage building and a two-story covered area offering additional storage capacity. This versatile property is perfect for a business seeking both office and industrial space, offering a blend of modern amenities and substantial storage solutions within a prime Pensacola location. The property's substantial frontage provides excellent visibility and accessibility. Asking price is $725,000.
Property profile
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Current use
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HDMU · Pensacola, FLZoning
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Zoning designation
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