Historic 1890's commercial building Downtown Pensacola, zoned C2-A

Retail-Commercial for Sale
Catylist Listing ID: 30872867
Property Subtypes: Mixed Use
Building Size (RSF): 1,508 SF
Gross Building Area: See Agent
Sale Price: $1,089,900
Unit Price: $722.75 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2024

Overview / Comments

Are you ready to own a piece of Pensacola history? Take a look at this breathtaking two story commercial building located in the heart of Downtown, just one block from Palafox St. Thought to have been built in 1940, it has been discovered that the building was actually constructed in 1890, making it the oldest remaining building on the block. Not just here-say, the owners were able to locate the original abstract of title, handwritten on parchment paper, which includes over 100 documents relating to the construction and sale of the property. Also found were: old photographs of the building, blueprints, and dozens of newspaper articles and ads documenting the buildings long and rich history as a saloon, grocery store, boarding house, pharmacy, jewelry shop, diner, and much more. Did we mention it is historically registered? The owners were able to locate the State of Florida Master Site File. The property is currently being utilized as a two unit AirBNB. However, being zoned Downtown Retail Commercial (C-2A), the possibilities for the use of the building are endless. Inside, the building features fully exposed brick walls throughout. Unit A, located on the ground floor, offers a wide open space with 14 foot ceilings. Stunning kitchen with reverse osmosis water system and featuring a more than 100 year old butcher block counter, which was removed from a butchers shop and imported from Belgium. Bathroom features a remarkable copper clawfoot tub, and massive walk-in closet. Unit B, located upstairs, showcases original and beautifully distressed 1890’s hardwood floors. These floors can be seen in some of the old photos. Custom shutters on the windows, electronic blinds, and new kitchen. In the bathroom you will find an original advertisement billboard, which was uncovered behind old panel walls and found partially intact. Owners restored the missing portion of the advertisement. Walk-in shower, closet space, and washer/dryer hookup. Can be sold furnished for an additional $8,000.

The original abstract of title was donated to the Pensacola Historic Trust, in our name, for safe-keeping, however we do have a full digital copy to pass along, as well as dozens more photos, newspaper clippings, and other items of historical significance. Additional features include: Impact rated custom front door, impact rated windows, updated HVAC units, updated plumbing and electrical, updated tankless hot water heaters, and a 2022 roof. Both units have separate power, water, and trash services. The building shares a single gas meter. A firebreak was installed between the ceiling of unit A and the floors of unit B to keep it in compliance with local building regulations.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City of Pensacola
Tax ID/APN: 000S009010181085
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: N. Guillemard St. and N. Tarragona St.
Property Visibility: Excellent
Largest Nearby Street: N. Tarragona Street
Area Description: Central Downtown Pensacola location, just one block from Palafox Street and walking distance to all that Downtown Pensacola has to offer.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1890
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Zero lot line
Parking Description: Ample free street parking
Sprinklers: None
Heat Type: Electricity, Natural Gas, Hot Water
Heat Source: Wall Units
Air Conditioning: Other
Zoning Description: Downtown Retail Commercial (C-2A)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: W 24 FT 11 INCHES OF S 2 INCHCES OF N 29 FT 11 INCHES OF LT 18 BLK 85 ALSO W 24 FT 11 INCHES OF LT 19 AND OF S 1 INCH OF LT 18 BLK 85 ALSO EAST 3 INCES OF S 29 FT 3 INCHES

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,279 49,788 124,778
Median Age: 41.76 39.32 37.96
Households: 3,882 20,794 48,125

Contact

Photograph of Listing Agent

James Nagy

Palm Island Realty
Gulf Coast CMLS Member
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