For sale - Active

1203 Cervantes

About this place

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.

Courtesy of Coldwell Banker Realty

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Property Highlights

Property type Land/Acreage
Status Active
City Pensacola
Zip 32503
County Escambia - Fl
Updated Jul 27, 2026
MLS ID 686534

Exterior Features

Roof See listing details
Construction Features Land/Acreage
Parking See listing details
Waterfront Verify with listing agent

Interior Features

Property Type Land/Acreage

Financial Details

List Price $139,000
Estimated Payment $890/mo
Status Active

Location

County Escambia - Fl
City Pensacola
ZIP Code 32503

Schools

Elementary School Global Learning Academy
Middle School WORKMAN
High School Pensacola

1203 Cervantes is located in Pensacola, FL 32503

Payment calculator

$890 per month 30 year fixed, 7.25% interest

Down payment estimate: $27,800. Taxes, insurance, HOA fees, and lender costs are not included.