524 Hayne St, Pensacola, FL 32501

$400,000
2,533
SqFt
Sold Price
$400,000
List Price
$460,000

Property Description

Step back in time to the 1950’s. You can hear and see the hustle and bustle of folks milling through the old Malamo Grocery Store as they sample Pensacola’s finest Greek food and make their purchases. This old building is yearning to be restored to its former beauty as the City of Pensacola and current owner dream of what it could be. This property is part of the Old East Hill Preservation District. This 1891sqft brick building along with an attached 642sqft home wrap the corner of North Hayne and East Jackson. This location is adjacent to the Pensacola Police Department, across the street from community Garden and future site of the Blake Doyle Community Skate Park. There are a lot of exciting things slated for this area with the upcoming Lily Hall just around the corner. The Lily Hall is a Boutique Hotel with 17 rooms , Spanish Restaurant, and speak easy bar. The “Coming Soon” Blake Doyle Skate Park across the street is a 1.4 million dollar project being funded by The City of Pensacola along with private and public funding. This property CANNOT be torn down. The ARB is glad to meet with any prospective buyers to answer questions and explore possibilities. In addition to the foot print of the existing grocery store and attached home, There is a detached concrete block double garage in the back corner that can be torn down. Facing the store to the South is a 30-foot buildable lot or off-street parking. The possibilities are endless for this location and its proximity to all things downtown. A great office space, Co-Work/Event Space, restaurant, multifamily housing etc…. Currently zoned Old East Hill Commercial. This building is currently unsafe to tour as there was a fire several years ago. Please contact listing agent for more details.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of HomeSmart Sunshine Realty. Selling Office: Levin Rinke Realty.

Copyright© 2016 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.