605 E Government St, Pensacola, FL 32502

$485,000
2
BD
4
BA
1,928
SqFt
List Price
$485,000
MLS#
550230
Type
Single Family Residential
Design
2 STORY
Year Built
1988
City
Pensacola
Subdivision
Crown Cove
Bedrooms
2
Bathrooms
4
Half-baths
3
Living Area
1,928
Acres
0.0528
Status
ACTIVE

Property Description

Rare downtown opportunity to own a mixed use investment property or enjoy a live/work arrangement! This property could also be converted into one two-story residential property. See the Attachments and Media section in this listing for conceptual drawings. The building is fully leased through July 31, 2019. The first floor is office space and the second floor is a two-bedroom apartment. Both tenants have expressed interest in continuing their leases, should a new owner wish to use the property for investment purposes. The first floor office is approximately 924 square feet, with four private offices. Current tenants use four separate entrances on the first floor to accommodate their clients. A central hallway provides access to two restrooms, one with a shower. The second floor apartment is approximately 1,004 square feet with a separate first floor entrance. There are two bedrooms, a Jack-and-Jill style bathroom, kitchen, and large living/dining area. In addition, there are two balconies, one overlooks Government St. and the other faces the more private alleyway behind the building. Rental income and lease information is available upon request. Downtown Pensacola is thriving! Restaurants, retail and office buildings are within easy walking and biking distance. Be a part of the transformation that is happening to this great city! Please do not disturb the tenants. Their business requires privacy for their clients. Showings are by appointment only.

Additional Information

Style
COTTAGE, TRADITIONAL
High School
Pensacola
Lot Description
PAVED ROAD, WATERVIEW
Floors
WOOD LAMINATE
Cooling
2+ UNITS, AIR/AIR HTPMP, CENTRAL ELECTRIC
Heating
2+ UNITS, CENTRAL ELECTRIC
Waterview Description
Bay
Roof
ARCHITECTURAL SHINGLE
Pool Description
NONE
Parking
DRIVE ONLY, FRONT ENTRANCE, REAR ENTRANCE, STREET ONLY

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Commercial NRT.