3009 E Cervantes St - Freestanding FOR SALE


Pensacola, FL 32503- Southeast Pensacola
$1,100,000 USD
850-380-6150
3009 E Cervantes St, Pensacola, FL for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/51
null | Request Cap Rate

3009 E Cervantes St
Pensacola, FL 32503
Southeast Pensacola


HIGHLIGHTS

  • L-Shaped Parcel with Frontage Along East Cervantes Street and Knowles Avenue
  • Site circulation and access
  • Adaptive-reuse potential.
  • Established 40-YR Business Location
  • Strong Surrounding Daytime Population and Employment Base

OVERVIEW

For the first time in approximately forty years, an iconic East Hill property is ready for its next chapter. Located at 3009 East Cervantes Street, this charming 3,912-square-foot building features an open showroom, exposed brick, original beams, and tongue-and-groove ceilings. Positioned on an approximately 0.40-acre L-shaped parcel with frontage along East Cervantes Street and Knowles Avenue, the property offers excellent visibility, character, and flexibility for adaptive reuse, redevelopment, or continued owner occupancy, just minutes from Downtown Pensacola. Built in 1936, this iconic two-story property contains approximately 3,912 square feet and offers a rare opportunity to acquire a recognizable landmark along Pensacola’s desirable East Cervantes Street corridor. The property is prominently situated along Cervantes Street, one of Pensacola’s primary east-west corridors, within the highly desirable East Pensacola Heights / East Hill area. Known for its oak-canopied streets, historic 1920s-era bungalows, neighborhood parks, and established residential character, East Hill remains one of Pensacola’s oldest and most sought-after neighborhoods. Located approximately five minutes northeast of Downtown Pensacola, the property benefits from convenient access to neighborhood bakeries, breweries, restaurants, parks, and the Bayou Texar waterfront. The surrounding corridor is home to numerous longstanding and successful local businesses, including Jerry’s Drive-In, New Yorker Deli & Pizzeria, Running Wild, Calvert’s in the Heights, Scenic 90 Café, Sir Richard’s Public House, and Aunt Katie’s. The surrounding trade area reflects strong economic activity, with a 2026 daytime population of approximately 111,391, more than 76,000 employees, 6,574 businesses, and total annual sales exceeding $11.5 billion. Within a one-mile radius, the median home value is approximately $424,124, compared with the national median of $376,272, and is projected to reach approximately $495,884 within five years. With its architectural character, established identity, desirable East Hill location, and proximity to Downtown Pensacola, 3009 East Cervantes Street offers an exceptional opportunity to reposition, preserve, or reimagine one of the corridor’s most recognizable properties.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R1AA / R-NC

APN/PARCEL ID

05-2S-29-5905-012-014

ASK ABOUT THIS PROPERTY

DeeDee DavisNAI PensacolaMore Info
850-380-6150

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DeeDee DavisNAI PensacolaMore Info
850-380-6150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.