Historic Apostle House: A Unique Opportunity for 1031 Exchange
Step into Pensacola’s storied past with the Apostle House, a magnificent two-story building constructed in 1872 and located in the highly sought-after Seville Historic District. Currently leased as an office space with a reliable tenant until December 2026, this property presents a prime opportunity for a 1031 exchange.
The property sits on a generous 0.34-acre lot, with over 15 parking spaces and handicap accessibility, ensuring ease of use for any future tenant or owner while maintaining the site's historic integrity. The layout is ideal, featuring three spacious rooms on the upper floor and four on the main level, along with a practical kitchen area complete with a sink, counter, and cabinetry for storage.
With a solid lease income of $4,100/month, this 2,479 square-foot property provides stability and growth potential for investors. The lease encompasses both floors of the Apostle House, blending historical charm with modern functionality. Original heart pine floors, decorative fireplaces, and impressive 12-foot ceilings create an ambiance of elegance and prestige that is both captivating and inviting.
Whether you're interested in preserving it as a commercial space or transforming it into an elegant private residence, the Apostle House offers a rare chance to invest in a historic property in a vibrant location.