PRICE REDUCTION. Architectural plans for this building are available upon request. With 54+ million dollars of government funding being injected into Pensacola, this investment has HUGE upside potential with little downside risk. After a full renovation, this property is projected to have an impressive cap rate that will make this a vessel for financial freedom. If this information is not enough to catch your attention, then you will want to see the expected equity increase following the rendition of the subject property. Non-represented investors are more than welcome and will be able to see the property upon request, within 24-48 hours. Interior is messy but in-tact.
MLS# | OM680594 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | For-sale |
Status | Active |
Year | 1954 |
Days On Site | 106 |
Listing Provided By | ENGEL & VOLKERS OCALA | Edward Barry |
SQ Feet | 63,002 |
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Zoning | C-3 |
Acreage | 1.32 |
State | FL |
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County | Escambia |
City | PENSACOLA |
Zip Code | 32501 |
Area | 99999 Unknown |
Listing VS Median (in 32501) | |
Price: $1,990,000 low | high Med: $1,990,000 SqFt: 63,002 low | high Med: 63,002 $ / SqFt: $32 low | high Med: $32 On Site: 106 low | high Med: 106.000000 |