New Development Opportunity – Downtown Pensacola
411 N Baylen Street
New Development Opportunity in Downtown Pensacola. The R-NC zoning allows 35 units per acre. This site is a 5 minute walk to anywhere downtown. This is the last remaining whole block for sale. There are 12 months remaining on the lease. This short term lease provides income during the design development. We have a demolition quote of $88,240. This includes demolition and removal of the 2 commercial buildings, removal of all above an below ground concrete footings and slabs. Removal of all debris from site and smooth out demolition area. This site is comprised of 2 parcels. One parcel is 2.3 acres in size and the other is .53 Acres.
411 N Baylen is a three-story 34,245 SF brick building is handicap accessible with an elevator. Paved parking lot for 210 cars plus half acre parcel across the street on Belmont for additional parking. Entire building has a backup generator that is operational and well-maintained.
There is an additional 8,184 SF building at 401 N Baylen Street. This brick building was built in 1960 and has a glass entryway that faces the Baylen/Belmont intersection. This building has 12 paved parking spaces separate from the parking lot for 411 N Baylen.
Just one block west of Palafox Street and four blocks north of Garden Street, this North Hill property is near downtown, Interstate 110, and the Pensacola Bay Bridge.
- Country: United States
- Province / State: Florida
- Postal code / ZIP: 32501
- Property ID 411 N Baylen Street
- Price $3,500,000
- Property Type Land, Multifamily, Office
- Property status Sold
- Size 42,429 SqFt
- Gross Land Area 2.83 Acres