Entity Owned Property summary
The property is a 1,900-square-foot office building located in downtown Pensacola, Florida. The interior configuration includes six offices, a conference room, and a kitchen, along with an outdoor deck served by a handicap ramp. The building’s historic aesthetic features decorative fireplaces that are adaptable to natural gas. A private, fenced parking lot with approximately 12 spaces is provided, supplemented by street parking. The property is positioned for convenient access, being roughly two minutes from the interstate and about five minutes from Pensacola International Airport. The building has extensive window openings for daylighting and is designed to be accessed easily. The office space is configured for a net (NNN) lease structure, with responsibilities for utilities and lawn care placed on the tenant.
Property profile
VerifiedCap rate & NOI
Current use
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Brewery & Distillery Big Box & Wholesale Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The North Hill preservation zoning districts are established to preserve the unique architecture and landscape character of the North Hill area, and to promote orderly redevelopment that complements and enhances the arch…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PR-2 · Pensacola, FLThe North Hill preservation zoning districts are established to preserve the unique architecture and landscape character of the North Hill area, and to promote orderly redevelopment that complements and enhances the arch…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The North Hill preservation zoning districts are established to preserve the unique architecture and landscape character of the North Hill area, and to promote orderly redevelopment that complements and enhances the arch…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PR-2 in Pensacola, FL.
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