1701 W. Garden St.

Office for Sale
Catylist Listing ID: 30184311
Property Subtypes: Office Building
Building Size (RSF): 17,496 SF
Gross Land Area: 0.96 Acres
Sale Price: $1,000,000
Unit Price: $57.16 PSF
Ceiling: 11 ft.
Property Use Type: Business
Building Name: 1701 W. Garden St.
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/14/2018

Overview / Comments

One of downtown Pensacola's most recognizable landmark buildings with over 17,000 SF of office space. Many possible uses in this high demand area with a 15,000 daily traffic count. Situated on approximately one acre of prime downtown real estate. A solid concrete and steel structure in excellent maintenance condition. Owner is building a new building on the western portion of the site that will enhance
the existing structure.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009080001068
Zoning: C-1
Property Located Between: J St. and K St. on west Garden St.
Property Visibility: Excellent
Highway Access: U.S. Hwy 98 and 90. Interstates I-10 and I-110.
Airports: Pensacola International
Site Description: High and Dry level site with excellent drainage.
Area Description: Fast growing re-development area just west of Pensacola City center.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 8,748 SF
Year Built: 1966
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Traditional colonial front with side porte cochere entrance
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Large surface lot
Total Parking Spaces: 51
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Lobby entrance with two conference rooms located on either side facing Garden St. Large open work space with private executive offices located on the east wall. Kitchen, utility, bathrooms and mechanical in the rear of the building. Upstairs has mix of large and medium offices. Bathrooms and utility space. Mechanical cargo lift in rear of building.
Zoning Description: C-1 retail commercial.
Lot Depth: 245ft.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Lots 1,2,3,4,5, 16,17,18,19,20 and the east 1/2 of Lots 6 and 15. Blk. 68, Maxent Tract.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,925 61,163 135,745
Median Age: 40.2 38.4 37.61
Households: 3,141 25,114 52,018


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