PRICE REDUCTION. Architectural plans for this building are available upon request. With 54+ million dollars of government funding being injected into Pensacola, this investment has HUGE upside potential with little downside risk. After a full renovation, this property is projected to have an impressive cap rate that will make this a vessel for financial freedom. If this information is not enough to catch your attention, then you will want to see the expected equity increase following the rendition of the subject property. Non-represented investors are more than welcome and will be able to see the property upon request, within 24-48 hours. Interior is messy but in-tact.
Great opportunity in a rapidly growing area close to the heart of downtown Pensacola. The property has a large 1920's historic building that could be beautifully redone and would be ideal for a wide array of potential businesses. This property is in the Commercial Property Improvement Program area and is eligible for grant money to help rehabilitate the building. The zoning in this area also allows for this property to be divided into three lots and three single family dwellings constructed. Zoned R-NC (Residential/Neighborhood Commercial)
The median home value in Pensacola, FL is $240,000. This is lower than the county median home value of $246,900. The national median home value is $338,100. The average price of homes sold in Pensacola, FL is $240,000. Approximately 55.01% of Pensacola homes are owned, compared to 34.57% rented, while 10.42% are vacant. Pensacola real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pensacola real estate agent to arrange a tour today!
Pensacola, Florida 32501 has a population of 53,845. Pensacola 32501 is more family-centric than the surrounding county with 26.32% of the households containing married families with children. The county average for households married with children is 22.79%.
The median household income in Pensacola, Florida 32501 is $59,119. The median household income for the surrounding county is $56,605 compared to the national median of $69,021. The median age of people living in Pensacola 32501 is 38.4 years.
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 41.7 degrees. The average rainfall is approximately 64.4 inches per year, with 0 inches of snow per year.