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1940 St Mary Ave 3,312 SF Office Building Pensacola, FL 32501 $699,000 ($211.05/SF)
Investment Highlights
- Turnkey Professional Office building
- Site, Parking & Visibility
- Classic Gulf Coast Office Appeal
- Well-Maintained Asset with Capital Improvements
- Future Expansion Potential
Executive Summary
Located in the heart of Pensacola, 1940 St. Mary Avenue offers a well-maintained, two-story professional office building with a functional layout suited for a wide range of office-based users. Currently configured as a law office, the property is well positioned for legal, accounting, insurance, financial services, consulting, administrative, medical-office support, or other professional business uses.
The first floor features a welcoming reception area, dedicated copy/work room, four private offices, and three restrooms, creating an efficient environment for both client-facing and daily operational needs. The second floor includes an additional conference room, two private offices, a large open cubicle/workspace area ideal for administrative or support staff, and one restroom.
The flexible floor plan provides a strong balance of private offices, collaborative work areas, meeting space, and support functions, making the property well suited for an owner-user or investor seeking a turnkey professional office asset. The owner will also consider a lease to a well-qualified tenant.
The building offers excellent accessibility to downtown Pensacola, area courthouses, government offices, and major transportation corridors. With attractive monument signage, on-site parking, and a highly professional appearance, 1940 St. Mary Avenue presents an outstanding opportunity for a business seeking a polished and established Pensacola presence.
The property features a classic Southern traditional / Creole-inspired office exterior with brick construction, dormer windows, a metal roof, columned front porch, mature oak trees, and attractive landscaping that creates a shaded, park-like setting.
The 0.517-acre site also provides potential expansion flexibility. Due to the current building placement, there appears to be ample remaining site area to potentially accommodate an additional building of approximately 3,000 SF, subject to all applicable zoning, code, engineering, parking, and permitting requirements.
The first floor features a welcoming reception area, dedicated copy/work room, four private offices, and three restrooms, creating an efficient environment for both client-facing and daily operational needs. The second floor includes an additional conference room, two private offices, a large open cubicle/workspace area ideal for administrative or support staff, and one restroom.
The flexible floor plan provides a strong balance of private offices, collaborative work areas, meeting space, and support functions, making the property well suited for an owner-user or investor seeking a turnkey professional office asset. The owner will also consider a lease to a well-qualified tenant.
The building offers excellent accessibility to downtown Pensacola, area courthouses, government offices, and major transportation corridors. With attractive monument signage, on-site parking, and a highly professional appearance, 1940 St. Mary Avenue presents an outstanding opportunity for a business seeking a polished and established Pensacola presence.
The property features a classic Southern traditional / Creole-inspired office exterior with brick construction, dormer windows, a metal roof, columned front porch, mature oak trees, and attractive landscaping that creates a shaded, park-like setting.
The 0.517-acre site also provides potential expansion flexibility. Due to the current building placement, there appears to be ample remaining site area to potentially accommodate an additional building of approximately 3,000 SF, subject to all applicable zoning, code, engineering, parking, and permitting requirements.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
3,312 SF
Building Class
C
Year Built/Renovated
1993/2000
Price
$699,000
Price Per SF
$211.05
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,656 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
12 Spaces (3.62 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Monument Signage
- Air Conditioning
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17-2S-30-5015-001-008 | Improvements Assessment | $289,684 |
| Land Assessment | $50,504 | Total Assessment | $340,188 |
Property Taxes
Parcel Number
17-2S-30-5015-001-008
Land Assessment
$50,504
Improvements Assessment
$289,684
Total Assessment
$340,188
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