Contacts
NAI Pensacola
NAI Pensacola
Property Details
- Property Type Multi-Family
- Property Size 7,325 SF
- Units 8
- Lot Size 1.15 Acre
- Year Built 1938
- Date Updated Sep 16, 2025
Prime C-3 Zoned Investment Package Immediate to Sanders Beach.
C-3 Zoned Property Near Sanders Beach Discover a unique opportunity to own a highly versatile, income producing investment property in the heart of Pensacola’s Sanders Beach neighborhood just minutes from downtown, the waterfront, and a thriving cultural scene.
Key Offering Highlights:
New NOI: $114,646.59
(Significant increase from previous figure of $110K+)
Operational Expense Ratio (OER): 29.57%
(Efficiently managed asset – OER below industry benchmark of 35%)
Tenant Roster Fully Updated
(Effective 9/4/25 – offering current, stabilized income)
This offering includes four parcels featuring eight fully-leased residential cottages (7,325 SF total), currently configured as long term rental units. Zoned C-3 (Commercial) within the City of Pensacola, this property
offers investors significant flexibility for future development or adaptive reuse. C-3 zoning allows for a wide range of permitted uses, including mixed-use, multifamily, hospitality, retail, and office making this an ideal land bank play or repositioning opportunity.
Strong Income Performance: 100% occupancy with $163,980 Gross Operating Income and $114,646.59 NOI at a 7.6% CAP Rate.
Parcel-Based Investment: Not marketed as 8 individual homes, but a cohesive group of income-generating assets with strong upside.
Visibility & Access: Excellent street visibility with parcels located on both sides of the street and ample accessibility for future development or tenant repositioning.
Location Advantage: Located just steps from Sanders Beach, a hidden gem on Pensacola Bay offering waterfront views, public access, and proximity to the Blue Wahoos Stadium, the Downtown Business Core, and the Maritime Park.
Reach out to the broker for more info on lease terms and amenities
Getting around
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28/100
Walk Score ®
-
24/100
Transit Score ®
-
54/100
Bike Score ®
Location
- City Pensacola, FL
- Neighborhood Sanders Beach
- Zip Code 32502
- Market Pensacola
Points of Interest
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Pensacola
2.76 miles
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BP
0.57 miles
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Circle K
0.97 miles
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Shell
1.21 miles
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Beacon Station
1.27 miles
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Trisha's One Stop
1.84 miles
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Murphy Express
2.27 miles
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Cumberland Farms
2.36 miles
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ChargePoint
5.32 miles
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Dickinson Park
3.43 miles
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Fort Redoubt Parking
4.85 miles
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Fort Barrancas Parking
5.13 miles
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Parking Lot K
5.18 miles
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Parking Lot J
5.18 miles
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Bayou Boulevard Garage
5.20 miles
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Parking Lot I
5.36 miles
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Parking Lot G2
5.41 miles
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9th Avenue Garage
5.41 miles
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Parking Lot F
5.45 miles
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Pensacola Motor Lodge
1.20 miles
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Budget Inn
1.20 miles
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New World Inn
1.57 miles
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Holiday Inn Express Pensacola Downtown
1.61 miles
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Sole Inn and Suites
1.67 miles
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Days Inn by Wyndham Pensacola - Historic Downtown
1.82 miles
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Days Inn Historic Pensacola
1.82 miles
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Oyster Bay Boutique Hotel
1.87 miles
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Relax Inn
1.97 miles
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Royal Arms Motel Building 2
2.00 miles
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Ever'man Cooperative Grocery & Cafe
1.26 miles
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Bien Dong Oriental Market
1.75 miles
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Asia Oriental Market
1.89 miles
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Walmart Supercenter
2.47 miles
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Publix
2.58 miles
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Navy Exchange (NEX)
2.91 miles
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Commissary
2.98 miles
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ALDI
3.58 miles
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NEX
4.09 miles
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Apple Market
4.26 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
