414 N Davis Hwy, Pensacola, FL 32501

Lot in the Old East Hill neighborhood. Great value for a lot this close to Pensacola's thriving downtown! Located behind the Crown Plaza which was built on the site of the old historic train station, and the Bay Center (previously called the Civic Center). The existing structure has no value. Old East Hill is a historical preservation district, so building plans will have to be approved by the City of Pensacola Architectural Review Board (ARB) before obtaining building permits, and will require ARB approval for renovation or removal. The structure abuts the sidewalk, a unique feature that the ARB has stated adds to the historical value of the property. The lot is Zoned OEHC1, neighborhood commercial, and can be used for retail, office, or as a residence. Plenty of room to build a home at the back of the property, with an office on the street in the existing structure. L-shaped allows a private yard to put a swimming pool or garden. Several mature trees on the property for shade. There is a voluntary HOA association, Old East Hill Property Owners Association and the dues are $20 a year.