1917 Cervantes St 2,564 SF Retail Building Pensacola, FL 32501 $349,000 ($136.12/SF)

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 offers a compelling opportunity for an owner-user or investor.
The freestanding building is approximately 2,564± square feet. With multiple points of access, strong street presence and on-site parking, its location benefits from proximity to one of Pensacola’s most heavily traveled east–west routes while remaining just off the primary intersection—an attractive balance for businesses seeking exposure without the cost basis of a hard-corner site.
Built in 1964 and totaling under 3,000 square feet, the property qualifies for the City of Pensacola’s Commercial Property Improvement Program (CPIP). Through this program, eligible non-residential buildings may receive grant funding of up to $70,000, subject to City review and approval. A 20% owner match is required, with final award amounts determined based on the scope of improvements, building characteristics and program criteria. Full program details and documentation will be provided with the listing.
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