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$1,700,000
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Property Description
Rare opportunity to acquire a vacant parcel in the heart of downtown Pensacola's Historic District. A major advantage of this site is that it is stormwater exempt, significantly reducing development costs and simplifying the construction process compared to many other downtown parcels. Surrounded by established restaurants, retail, offices, and residential developments, this location offers excellent walkability and strong visibility within one of Pensacola's most desirable urban corridors. The Historic District encourages thoughtful, pedestrian-friendly development while preserving the character that makes downtown Pensacola unique. This parcel offers a rare and flexible development opportunity in a highly sought-after location. Opportunities like this-vacant, buildable land in the downtown historic district with stormwater exemption-are increasingly difficult to find.
Full Property Details
Full Property Details for 120 S Tarragona St
General
- Price: $1,700,000
- Status: Active
- Type: Acreage
- Source: Pensacola
- MLS ID: 678806
- Updated: 3/12/2026
- Added to Site: 42 day(s) ago
Location
- County: Escambia - Fl
- Subdivision: Old City Tract
- Driving Directions: From Garden St, south on Tarragona, lots are located on the left before Intendencia St. Location of lot is currently being used as a parking lot.
School Information
- Elementary School: Global Learning Academy
- Middle School: WORKMAN
- High School: Pensacola
Utilities
- Sewer: Public Sewer
- Water: Public
Lot Features
- Lot Size (Acres): 0.3273
- Lot Dimensions: 170 x 84
Financial Considerations
- Price Per Sq. Ft.: $5,151,515.15
Disclosures and Reports
- Property ID: 000S007901000002
Listed by Levin Rinke Realty
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Schools
Schools serving 120 S Tarragona St
School District:Escambia County School District, Cantonment, FL
| Name | Grades | Distance |
|---|---|---|
Global Learning Academy 100 North P Street, Pensacola, FL 32505 | PK-5 | 1.9 mi |
J. H. Workman Middle School 6299 Lanier Drive, Pensacola, FL 32504 | 6-8 | 5.3 mi |
Pensacola High School 500 West Maxwell Street, Pensacola, FL 32501 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 S Tarragona St
Date
Details
Price
Change
Source
3/06/2026
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120 S Tarragona St
120 S Tarragona St, Pensacola, FL 32502 (MLS# 678806) is a Acreage property with a lot size of 0.327259 acres. 120 S Tarragona St is currently listed for $1,700,000 and was received on March 06, 2026. Want to learn more about 120 S Tarragona St? Do you have questions about finding other Acreage real estate for sale in Pensacola? You can browse all Pensacola real estate or contact a Coldwell Banker agent to request more information.

