Great Investment Opportunity In Downtown Pensacola. Land is scarce. This lot is in a prime location, you have access to downtown, interstate, beaches, you name it. This could be a great place to start a business or build housing. Zoned C-3. Located just south of Cervantes and two blocks East of Palafox. Walk to church, restaurants, night clubs. Several blocks from the new skate park and the iconic Handlebar.