3009 E Cervantes St 5,799 SF Retail Building Pensacola, FL 32503 $1,522,400 CAD ($262.53 CAD/SF)

For the first time in approximately forty years, an iconic East Hill property is ready for its next chapter. Located at 3009 East Cervantes Street, this charming 3,912-square-foot building features an open showroom, exposed brick, original beams, and tongue-and-groove ceilings. Positioned on an approximately 0.40-acre L-shaped parcel with frontage along East Cervantes Street and Knowles Avenue, the property offers excellent visibility, character, and flexibility for adaptive reuse, redevelopment, or continued owner occupancy, just minutes from Downtown Pensacola.
Built in 1936, this iconic two-story property contains approximately 3,912 square feet and offers a rare opportunity to acquire a recognizable landmark along Pensacola’s desirable East Cervantes Street corridor.
The property is prominently situated along Cervantes Street, one of Pensacola’s primary east-west corridors, within the highly desirable East Pensacola Heights / East Hill area. Known for its oak-canopied streets, historic 1920s-era bungalows, neighborhood parks, and established residential character, East Hill remains one of Pensacola’s oldest and most sought-after neighborhoods.
Located approximately five minutes northeast of Downtown Pensacola, the property benefits from convenient access to neighborhood bakeries, breweries, restaurants, parks, and the Bayou Texar waterfront. The surrounding corridor is home to numerous longstanding and successful local businesses, including Jerry’s Drive-In, New Yorker Deli & Pizzeria, Running Wild, Calvert’s in the Heights, Scenic 90 Café, Sir Richard’s Public House, and Aunt Katie’s.
The surrounding trade area reflects strong economic activity, with a 2026 daytime population of approximately 111,391, more than 76,000 employees, 6,574 businesses, and total annual sales exceeding $11.5 billion. Within a one-mile radius, the median home value is approximately $424,124, compared with the national median of $376,272, and is projected to reach approximately $495,884 within five years.
With its architectural character, established identity, desirable East Hill location, and proximity to Downtown Pensacola, 3009 East Cervantes Street offers an exceptional opportunity to reposition, preserve, or reimagine one of the corridor’s most recognizable properties.