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CORNER COMMERCIAL PROPERTY IN PRESERVATION DISTRICT, MULTI-USE CAPABILITY

23 W Cervantes St, Pensacola, FL 32501

$525,000 After Repair Value -
$450,000 Asking Price -
$0 Cost of Repairs =
$75,000 Potential Profit

Property Details

Asking Price $450,000

After Repair Value $525,000

Costs of Repairs $0

Potential Profit $75,000

Living Area 1334 ft2

Property Type Commercial Property

Bedrooms 0

Bathrooms 0

Half Bathrooms 2

Parking 2

Listed with Agent No

Property Description

CORNER COMMERCIAL PROPERTY IN PRESERVATION RESIDENTIAL COMMERCIAL DISTRICT (NORTH HILL) IDEAL FOR NUMEROUS COMMERCIAL/RETAIL DEVELOPMENT OPTIONS W/ DRIVE THRU CAPABILITY. CURRENTLY DEVELOPED AS AN AUTO REPAIR FACILITY WITH TWO BAYS AND A 1357 SF CANOPY. MULTI-USE CAPABILITY BOTH COMMERCIAL AND RESIDENTIAL.

SUPERB TRAFFIC FLOWS ON 4 LANE EAST/WEST THOROUGHFARE WITH IMMEDIATE ACCESS TO INTERSTATE 110. WALKING DISTANCE TO HEART OF DOWNTOWN. DIRECTLY ACROSS THE STREET FROM AN APPROVED $12 MILLION LUXURY GATED TOWN HOME DEVELOPMENT PROJECT. OUTSTANDING INVESTMENT IN PENSACOLA, \"THE CRADLE OF NAVAL AVIATION\" AND HOME TO THE NATION\'S BELOVED BLUE ANGELS AND THE WORLD RENOWNED \"SUGARY WHITE\" SANDS OF PENSACOLA BEACH VOTED 2018\'S TOP BEACH IN FLORIDA

OWNER IS WILLING TO SELL FOR $425,000 CASH AND OFFERING 15YR SELLER FINANCING WITH $300,000 DOWN.

CONTACT LISTING OWNER

Stephan Smith

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