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Mixed-Use Land for Sale in Pensacola, Florida

120 S Tarragona St, Pensacola, FL 32502

$1,700,000
0.33 acres
Active
ago
Est $12,537/mo

Prime Downtown Pensacola Development Opportunity Rare opportunity to acquire a vacant commercial parcel in the heart of downtown Pensacola's Historic District. This property is zoned HC-1 (Historic Commercial), allowing for a wide variety of retail, office, hospitality, and mixed-use development opportunities. 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 Commercial zoning encourages pedestrian-friendly development while preserving the character that makes downtown Pensacola unique. Whether you envision a boutique retail space, restaurant concept, office building, or mixed-use project, 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.

Location

Street address
120 S Tarragona St
Community
Old City Tract
Elevation
30 feet
Coordinates
30.4111, -87.212

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.

Property details

Lot size
0.327 acres14,244 sq ft
MLS #
PAR 678806
Posted

Parcels

  • 000S007901000002

Legal description

Details and features

Listing

Type
Land

Structure

Water
Public

Nearby schools

NameType
Global Learning AcademyElementary
WorkmanMiddle
PensacolaHigh

Listing history

DateEventPriceChangeSource
Mar 7, 2026New listing$1,700,000PAR
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This 0.327-acre property is located at 120 S Tarragona St in Pensacola, FL 32502. The property is available for sale for $1,700,000.

Checked 2 hours ago — Updated

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