W Cervantes Pensacola, FL 32501

Let your imagination breathe new life into this historic Queen Anne building located steps from famous Palafox St. This 4,076 SF building, originally built in 1908, is adorned with architectural detail from days gone by. Last used as an office, the building has undergone a partial renovation to turn... it into a B&B. Possibilities abound for the future use of this building. Complete the renovations and have a 4-unit B&B, return the building to use as an office or business, or convert the upstairs into an apartment for a live-work space. This property may qualify for Historic Preservation Tax Incentives. Come see this amazing opportunity for yourself. Photos reflect properties current condition. If you are looking for a flip; Comparable Properties that have been remodeled in this area are listed around $850,000-$900,000. If you are looking for a future rental; Rental Projection for a 4 unit is $50k-$60k annually. Continue reading