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About This Home
This 3-bedroom, 1-bathroom single family at 8511 Cherry Ave in Pensacola, FL is listed for $130,000 ($95 per sqft). Built in 1958, the home offers 1,368 sqft of living space on a 0.16 acres lot.
Investors and visionaries, take note of this exceptional opportunity located in one of Pensacola's most active redevelopment and growth corridors. Positioned in a rapidly transitioning area, this property is priced specifically for the savvy investor and serves as the perfect canvas for your next high-yield project.
You will notice the transformation immediately as you drive the neighborhood, with extensive redevelopment and new construction occurring right on the same street and throughout the surrounding blocks. This consistent growth signals a strong upward trend in property values and neighborhood desirability, making it an ideal time to secure a footprint in the area.
The home sits on a generous lot that offers the versatility needed for a modern renovation or a strategic buy-and-hold. Its location is a major draw for future tenants or buyers alike, providing quick access to the I-10 interchange, the bustling Nine Mile Road corridor, and major regional employers including Navy Federal Credit Union in the growing
Beulah area, the Cantonment International Paper Mill, nationwide technology manufacturing company Ascend, and the new Baptist Hospital. Whether you are looking to capitalize on the area's momentum with a targeted flip or add a reliable asset to your rental portfolio in a high-demand market, the potential here is undeniable. This is a rare chance to acquire a property in the path of progress at an attractive price point before the next wave of revitalization is complete.
Key Features
- Built in 1958
- 0.16 acre lot
Property Details
Amenities
Monthly Cost Estimate
$695/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8511 Cherry Ave
Pensacola, FL 32534
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 1-bathroom single family at 8511 Cherry Ave is listed at $130,000 ($95/sqft). The estimated monthly payment is $563 based on 20% down at 6.5% interest.
Key features include: Built in 1958, 0.16 acre lot.
This property is listed by Worthy Richardson and can be reached at (850) 471-5000 or contact@worthyrichardson.com.































