Old City Building in the Heart of Downtown Pensacola

Office for Sale
Catylist Listing ID: 30794333
Property Subtypes: Executive Suites, Coworking, Office Building, Other
Building Size (RSF): 10,236 SF
Gross Building Area: See Agent
Gross Land Area: 0.57 Acres
Sale Price: $2,500,000
Unit Price: $244.24 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

The Old City Building - This is a Rare Opportunity to own Iconic Heart-of-Pensacola Office Complex. The property offers a distinctive pinnacle position in Pensacola's historic/business district.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City of Pensacola
Tax ID/APN: 000S009005001009
Zoning: HC-1
Property Located Between: Government and Church Street
Property Visibility: Excellent
Highway Access: Quick
Site Description: the subject property faces Government Street providing over 240 FT of visibility. There is on street parking on Government and two parking lots to the side and rear.
Area Description: Core location the heart of the bustling Downtown Business/ Historic District. The subject property is conveniently located in immediate proximity to restaurants, governmental offices, Federal and Circuit Courthouses, entertainment complexes, the YMCA, office professional buildings and City Parking
Total Number of Buildings: 1
Year Built: 1965
Year Renovated: 2019
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Very attractive rose-colored brick building with a 1,600 FT covered porch across the face of the building, windows are framed by floor to ceiling black wooden shutters and decorative wood aprons for a distinctive and finished look
Parking Type: Surface, Other
Parking Description: Parking 26+ on-site spaces, plus, on-street. City parking is across Tarragona Street (paid) There is parking across the front of the building on Government Street, and 2 private parking lots on the property- The first is accessed by Government Street, and the rear parking lot can be accessed by Church Street.
Total Parking Spaces: 26
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: The building offers a reception area, 27+ private offices, a library area, reception area, admin work station, three conference rooms, full kitchen, 6 restrooms and storage
Zoning Description: HC-1
Lot Frontage: 240
Lot Depth: 185
Water Service: Municipal
Sewer Type: Municipal
Legal Description: in file

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,485 45,459 112,958
Median Age: 43.7 40.19 37.55
Households: 1,796 19,185 42,974

Contact

Photograph of Listing Agent

DeeDee Davis MiCP, SIOR

NAI Pensacola Gulf Coast CMLS Member
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