119 W Gadsden St, Pensacola
Escambia County Real Estate - Pensacola
Pensacola is in North West Florida. It's population as recorded in the 2010 Census was 51,923.
The median age for residents of Pensacola is 42.6. Around 23.7% of Pensacola households include school aged children and 29.6% of households include individuals aged 65 years or over. Census records indicate 66.3% of the Pensacola population are White, 27.9% are Black or African American, .5% American Indian, 1.9% Asian and 2.3% are Two or more Races.
There are 26,848 housing units in Pensacola. 3,256 (12.1%) of these were reported as vacant in the 2010 Census. There are 10,359 residential rental units in Pensacola. 9,052 of them were occupied in 2010 providing a residential rental vacancy rate of 12.2%.
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Escambia County
Escambia County is part of the Northwest region of Florida, along with Bay, Santa Rosa, Walton, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Escambia County is the westernmost county in Florida, located in the tip of the panhandle. It has a population over 450,000.
The most significant industries in Escambia County are military and defense, tourism, healthcare, education and construction. Pensacola, the county's seat and home to over 50,000, contains many military bases including Pensacola Naval Air Station, Naval Training Center, Eglin Air Force Base, Corry Station Naval, Naval Technical Training Center, and Air Station Whiting Field. Top private sector employers for Escambia County are Sacred Heart Health System, Baptist Health Care, Lakeview Center, Gulf Power Company, and Ascend Performance Materials. Major public sector employers include Escambia County Government, Federal Government, Florida State Government, and the University of West Florida.
A suburb of Pensacola, Ferry Pass, is home to the University of West Florida. In addition, Pensacola State College has campuses throughout the county. Troy University also has a campus just west of the city.
The military contributes significantly to the county?s economy. The Department of Defense spends an estimated $7.8 billion in Escambia. The defense industry is responsible for about 80,000 careers.
Escambia contains a major airport and seaport. The airport has an economic impact in excess of $550 billion and supports over 6,000 jobs. The Port of Escambia is a 50-acre facility with eight deepwater docking facilities and railroad access on site. Both fall within a foreign trade zone.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 610 N Spring St | Office building, non-professional service building, one story | 2,066 | B |
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| 612 N Spring St | Single Family | 1,778 | A |
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| 619 N Baylen St | Single Family | 5,307 | C |
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| 126 W Jackson St | Single Family | 5,082 | A |
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| 104 W Jackson St | Single Family | 3,411 | C |
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| 700 N Spring St | Single Family | 3,755 | C |
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| 118 W Gadsden St | Vacant Commercial | 0 | L | |
| 114 W Gadsden St | Single Family | 3,642 | A |
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| 601 N Baylen St | Professional service building | 6,849 | C |
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| 110 W Gadsden St | Single Family | 6,347 | A |
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| 708 N Spring St | Single Family | 2,049 | A |
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| 100 W Gadsden St | Office building, non-professional service building, one story | 1,959 | A |
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| 609 N Spring St | Single Family | 3,483 | A |
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| 615 N Spring St | Multi-family - less than 10 units | 2,798 | B |
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| 607 N Spring St | Single Family | 3,027 | A |
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| 605 N Spring St | Vacant Residential | 0 | L | |
| 710 N Spring St | Single Family | 2,428 | C |
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| 200 W Jackson St | Single Family | 4,469 | C |
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| 202 W Gadsden St | Multi-family - less than 10 units | 4,902 | C |
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| 707 N Baylen St | Single Family | 1,057 | B |
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| 100 W Cervantes St Blk | Parking lot (commercial or patron) or mobile home park | 0 | L | |
| 520 N Spring St | Store, one story | 4,471 | C |
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| 215 W Gadsden St | Single Family | 3,367 | B |
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| 105 W Jackson St | Single Family | 4,892 | C |
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| 208 W Gadsden St | Single Family | 2,914 | C |
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| 715 N Baylen St | Office building, non-professional service building, multi-story | 2,267 | B |
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| 202 W Jackson St | Office building, non-professional service building, multi-story | 3,638 | C |
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| 714 N Spring St | Office building, non-professional service building, multi-story | 2,989 | C |
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| 710 N Baylen St | Multi-family - less than 10 units | 5,765 | B |
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| 711 N Spring St | Single Family | 1,590 | A |
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| 517 N Baylen St | Office building, non-professional service building, multi-story | 7,223 | B |
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| 18 W Jackson | Private school or college | 17,268 | B |
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| 713 N Spring St | Single Family | 3,125 | A |
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| 60 W Gadsden St | Single Family | 4,430 | A |
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| 620 N Barcelona St | Single Family | 5,649 | C |
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| 220 W Gadsden St | Single Family | 2,775 | A |
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| 618 N Barcelona St | Single Family | 1,692 | A |
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| 218 W Jackson St | Vacant Residential | 0 | L | |
| 616 N Barcelona St | Single Family | 2,742 | A |
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| 211 W Cervantes St | Multi-family - less than 10 units | 6,787 | B |
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| 518 N Baylen St | Single Family | 4,516 | C |
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| 504 N Spring St | Multi-family - less than 10 units | 9,175 | B |
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Local Household Income
The median household income in this part of Florida is $52,677. The bottom 10% of the population earn less than $15,071 per year. The top 10% earn more than $137,099 per year. The top 1% earn more than $431,029 per year. Most renters earn between $25,896 (20th percentile) and $45,588 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $105,354 and $131,693.
The tax assessed value of this property places it in percentile 87 of all properties in this area. This suggests it would appeal to someone earning around $121,653 per year who should qualify for a mortgage between $243,306 and $304,133.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $846. Most renters earn between $2,158 and $3,799 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $619 (20th percentile) to $1,160 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $1,292 per month and a monthly household income of $4,194 ($50,328 per year)
Nearby Companies
119 W Gadsden St
715 North Baylen St
715 N Baylen St
715 N Baylen St
112 W Cervantes St
112 W Cervantes St
1122 Durham Dr
610 North Spring St
610 North Spring St
601 North Baylen St
619 North Baylen St
601 N Baylen St
610 N Spring St
610 N Spring St
202 W Jackson St
202 W Jackson St