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$139,000
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Property Description
Prime Commercial Development Opportunity | 1203 W. Cervantes Street | Pensacola, FL Position your next commercial investment at one of Pensacola's most visible and highly traveled corridors. Located at 1203 W. Cervantes Street, this approximately 0.19-acre C-1 Commercial parcel offers exceptional frontage, outstanding accessibility, and significant redevelopment potential in an area experiencing continued public and private investment. Unlike many vacant commercial sites, the property features an existing paved parking surface and established access points, offering potential cost savings and a faster path toward redevelopment. An outstanding feature of this property is its configuration and frontage, which may lend itself to redevelopment as two separate commercial lots, subject to buyer verification with the City of Pensacola regarding subdivision, zoning, and development requirements. This creates added flexibility for investors, developers, or owner-users seeking multiple income opportunities or phased development. Strategically positioned just minutes from Downtown Pensacola, Interstate 110, Baptist Hospital, and major retail and business districts, the site benefits from excellent visibility and exposure to both local and commuter traffic. Ideal for a variety of commercial uses, including: ? Professional or medical offices ? Boutique retail ? Restaurant or café ? Coffee shop or drive-thru concept ? Financial or insurance services ? Mixed commercial development ? Build-to-suit investment opportunities Whether you're expanding your portfolio, developing for resale, or constructing your own business location, 1203 W. Cervantes Street offers a rare opportunity to secure a highly visible commercial site with flexible redevelopment potential in one of Pensacola's most active growth corridors. Buyer to verify all zoning, subdivision, and intended use requirements with the appropriate governmental authorities.
Full Property Details
Full Property Details for 1203 W Cervantes
General
- Price: $139,000
- Status: Active
- Type: Acreage
- Source: Pensacola
- MLS ID: 686534
- Updated: 8/25/2026
- Added to Site: 77 day(s) ago
Location
- County: Escambia - Fl
- Driving Directions: From I-110: Take Exit 2 for Cervantes Street (US-90). Head west on W. Cervantes Street approximately 1 mile. The property is located on the southwest corner of W. Cervantes Street and N. F Street, adjacent to the signalized intersection.
School Information
- Elementary School: Global Learning Academy
- Middle School: WORKMAN
- High School: Pensacola
Utilities
- Sewer: Public Sewer
- Water: Public
Lot Features
- Lot Size (Acres): 0.1922
Financial Considerations
- Price Per Sq. Ft.: $731,578.95
Disclosures and Reports
- Property ID: 000S009060131056
Buyer's Brokerage Compensation: 2%
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 1203 W Cervantes
School District:Escambia County School District, Cantonment, FL
| Name | Grades | Distance |
|---|---|---|
Global Learning Academy 100 North P Street, Pensacola, FL 32505 | PK-5 | 0.8 mi |
J. H. Workman Middle School 6299 Lanier Drive, Pensacola, FL 32504 | 6-8 | 4.9 mi |
Pensacola High School 500 West Maxwell Street, Pensacola, FL 32501 | 9-12 | 1.2 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 1203 W Cervantes
Date
Details
Price
Change
Source
7/27/2026
Listed
$139,000
456%
MLS
8/31/2004
Sold
$25,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1203 W Cervantes
Year
Property Taxes
Change
Tax Assessment
Change
2025
$936
3%
$41,380
1%
2024
$912
16%
$40,966
10%
2023
$783
-2%
$37,242
—
2021
$797
1%
$37,242
—
2022
$788
-1%
$37,242
—
2018
$794
1%
$37,242
—
2019
$785
2%
$37,242
—
2017
$767
3%
$37,242
—
2016
$742
3%
$37,242
—
2015
$719
8%
$37,242
47%
2014
$663
16%
$25,320
10%
2013
$571
—
$23,019
—
Disclaimer: Historical tax 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 1203 W Cervantes
1203 W Cervantes, Pensacola, FL 32503 (MLS# 686534) is a Acreage property with a lot size of 0.1922 acres. 1203 W Cervantes is currently listed for $139,000 and was received on July 27, 2026. This property is listed by Camillia Griffin from our Pensacola Office.Want to learn more about 1203 W Cervantes? 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.



