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Cannabis-Approved 1917 Cervantes St 2,564 SF Retail Building Pensacola, FL 32501 $693,745 CAD ($270.57 CAD/SF)
Executive Summary
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 Street presents a rare opportunity to acquire or lease a City-approved cannabis retail location in one of Pensacola's established commercial corridors.
The freestanding building contains approximately 2,564± square feet and offers multiple points of access, strong street visibility and on-site parking. Positioned along heavily traveled Cervantes Street, the property benefits from consistent traffic counts and excellent accessibility while avoiding the premium pricing typically associated with hard-corner locations.
A significant advantage of this offering is its approval for cannabis retail use, providing a prospective operator with a valuable head start in a highly regulated industry. Properties with this approval are limited, creating an opportunity for cannabis operators seeking to establish or expand their presence in the Pensacola market.
Built in 1964 and totaling less than 3,000 square feet, the property may qualify for the City of Pensacola's Commercial Property Improvement Program (CPIP). Eligible non-residential buildings may receive grant funding of up to $70,000, subject to City review, approval and program requirements. A 20% owner match is required, with final award amounts determined by the scope of improvements and program criteria.
Whether for a cannabis retailer, specialty retail user, wellness concept or other permitted commercial use, 1917 W Cervantes offers a combination of location, visibility, available incentives and regulatory approval that is difficult to replicate in today's market.
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
Property Facts
Amenities
- Bus Line
- Corner Lot
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located at the corner of W Cervantes Street and N Street, this freestanding building offers exceptional visibility just one block west of the signalized intersection at Pace Boulevard and Cervantes. The property combines strong street presence with convenient on-site parking and multiple access points, making it an ideal choice for businesses seeking exposure along one of Pensacola’s busiest east–west corridors without the premium cost of a hard-corner site. Built in 1964 and totaling under 3,000 square feet, the building qualifies for the City of Pensacola’s Commercial Property Improvement Program (CPIP). This program provides grant funding of up to $70,000 for eligible non-residential properties, subject to city approval, with a 20% owner match required. This incentive creates a unique opportunity for tenants or owner-users to modernize the space while significantly reducing renovation costs. The property’s flexible C-1 zoning supports a wide range of uses, from professional services to boutique retail, and its strategic location ensures easy access to downtown Pensacola, major thoroughfares, and surrounding residential neighborhoods. With built-in upside through city funding and strong traffic exposure, 1917 W Cervantes is perfectly positioned for businesses looking to establish a long-term presence in a growing market.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,564 SF | Retail | - | Now |
1st Floor
| Size |
| 2,564 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,564 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Located at the corner of W Cervantes Street and N Street, this freestanding building offers exceptional visibility just one block west of the signalized intersection at Pace Boulevard and Cervantes. The property combines strong street presence with convenient on-site parking and multiple access points, making it an ideal choice for businesses seeking exposure along one of Pensacola’s busiest east–west corridors without the premium cost of a hard-corner site. Built in 1964 and totaling under 3,000 square feet, the building qualifies for the City of Pensacola’s Commercial Property Improvement Program (CPIP). This program provides grant funding of up to $70,000 for eligible non-residential properties, subject to city approval, with a 20% owner match required. This incentive creates a unique opportunity for tenants or owner-users to modernize the space while significantly reducing renovation costs. The property’s flexible C-1 zoning supports a wide range of uses, from professional services to boutique retail, and its strategic location ensures easy access to downtown Pensacola, major thoroughfares, and surrounding residential neighborhoods. With built-in upside through city funding and strong traffic exposure, 1917 W Cervantes is perfectly positioned for businesses looking to establish a long-term presence in a growing market.
Property Taxes
| Parcel Number | 00-0S-00-9060-009-125 | Improvements Assessment | $79,192 CAD |
| Land Assessment | $87,428 CAD | Total Assessment | $166,620 CAD |
Property Taxes
Presented by
Cannabis-Approved | 1917 Cervantes St
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