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Former Garage

$140,000

2421 W Cervantes, Pensacola, FL 32505

Active
Last Updated: 03/19/2024

1,144 sqft

Building Size

0.314 acres

Lot Area

Details:
Building Size:    1,144 sqft
Lot Area:    0.314 acres
Year Built:    1965
Highlights:
  • Established Location
  • Located on Major Thoroughfare
  • 1/3+ of acre
  • Hard Corner
  • Income via Billboard
Description:

This asset has served the community of Brownsville, & Greater Pensacola, for 50+ years. It's the perfect opportunity for a redevelopment or repositioning of the property. It's located directly on Cervantes (18,800 AADT) and is 3 blocks west of Pace Blvd. (19,700 AADT). It has income from the billboard, and is up for renegotiation.

In 1908, shortly after the extension of the trolley line west from Pensacola, Lucius Screven Brown (1874-1963) developed housing on seven blocks bounded by what is now Pace Boulevard, Strong Street, “W” Street and Gadsden Street. Brown’s builder, Haakon Paulsen, began calling the community Brownsville as it evolved into one of Pensacola’s first “suburbs.” Brown (1874-1963) had a long career in real estate, banking and insurance. He served the city on the City Council and as assistant postmaster. A bond issue held in Escambia County in 1912 resulted in the paving of Cervantes Street and Mobile Highway, and the extension of public water lines. This is a vibrant community is poised for a redevelopment.

Map:
Documents:
Title
Offering_Memorandum__L_.pdf
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Offering_Memorandum__L_.pdf
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Location
Gallery