Downtown Development Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 29803515
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 85,584 SF
Gross Land Area: 4.82 Acres
Sale Price: $3,150,000
Unit Price: $36.81 PSF
Property Use Type: Vacant/Owner-User
Building Name: Downtown Development Opportunity
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/5/2019

Overview / Comments

4.82 +/- acres of land in downtown Pensacola, improved with multiple structures. The
primary parcel is located at 215 W. Garden Street and features in excess of 48,000
square feet of climate controlled office/multi-family space.
The balance of the property is improved with structures to be redeveloped or
demolished. This is a unique development opportunity, prominently located at the
corner of Garden Street and Spring Street. Property is currently undergoing
environmental remediation and will be reappraised once completed. Submit offers for
review at this time.

• Property can be subdivided to accommodate a variety of sizes and uses.
• SW Corner of Garden Street and Spring Street.
• Spring Street leads to the new Community Maritime Park and the new Blue
• Wahoo Baseball Stadium.
• 4.82 acre site has 486 front feet on Garden and 500 front feet on Spring Street.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 000s009070161004
Zoning: C-2A
Property Located Between: Garden St. and Spring St.
Side of Street: South
Road Type: Paved
Area Description: Corner of W. Garden Street & Spring Street.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,289 50,367 119,032
Median Age: 40.83 39.27 37.56
Households: 2,988 21,117 45,355


Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC Member
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