Property Description Located on the corner of W Cervantes Street and N Street, just one block west of the signalized intersection at Pace Boulevard and Cervantes,1917 W Cervantes Street presents a rare opportunity to acquire or lease a City-approved cannabis retail location in one of Pensacola's established commercial corridors. The freestanding building contains approximately 2,564± square feet and offers multiple points of access, strong street visibility and on-site parking. Positioned along heavily traveled Cervantes Street, the property benefits from consistent traffic counts and excellent accessibility while avoiding the premium pricing typically associated with hard-corner locations. A significant advantage of this offering is its approval for cannabis retail use, providing a prospective operator with a valuable head start in a highly regulated industry. Properties with this approval are limited, creating an opportunity for cannabis operators seeking to establish or expand their presence in the Pensacola market. Built in 1964 and totaling less than 3,000 square feet, the property may qualify for the City of Pensacola's Commercial Property Improvement Program (CPIP). Eligible non-residential buildings may receive grant funding of up to $70,000, subject to City review, approval and program requirements. A 20% owner match is required, with final award amounts determined by the scope of improvements and program criteria. Whether for a cannabis retailer, specialty retail user, wellness concept or other permitted commercial use, 1917 W Cervantes offers a combination of location, visibility, available incentives and regulatory approval that is difficult to replicate in today's market. This incentive presents a meaningful opportunity for a buyer to offset renovation costs while modernizing the building and enhancing long-term value. With flexible C-1 zoning and built-in upside through available city funding, 1917 W Cervantes is well suited for a buyer with a clear vision to improve and operate a successful business at this location. Property Highlights Potential Award: Based on Sq Ft Up To $45,000 (Under 3,000 SF) Subject Property: ±2,564 S Potential Award: Based on Age Up to $25,000 (51–75 Years) Built 1964 (62 Years Old Owner Contribution: 20% Match Required, Occupancy Period 5 Years