Studer Community Institute

Old Hallmark school building back on the market

March 13, 2015
/ Carlton Proctor
/ community-dashboard

Less than two years after being bought for $1 million, the 5.1 acre George S. Hallmark School property on E Street in West Pensacola is back on the market. Asking price: $1,950,000. The property currently is owned by 349 LLC, a local company, which bought the property in April 2013. The site is on the Escambia County tax rolls with a listed value of $808,925. State records show the title manager for 349 LLC is Matt Pair, and local attorney David Hightower is the registered agent. A former business partner of Mayor Ashton Hayward, Pair owns Pair Properties Inc., in Franklin, Tenn., according to state records. He could not be reached for comment. Hightower, reached by phone Wednesday, said he could not reveal a full list of the current owners without their permission, and had no further comment. Harry Bell, the listing broker with Carr & Company, said the Hallmark property has been on the market only five weeks. "We've shown the building several times since we listed it," Bell said. "Some of the parties that have seen the property has mentioned its potential as a senior living facility." The Hallmark School property is actually three buildings: the main school building is 27,140 square feet. The second structure, last used as a school cafeteria, is 7,200 square feet and attached to the main school building. Both buildings have heating and air conditioning. A third detached structure on the property is listed at 6,800 square feet. Total square footage under roof is 41, 215. Bell said with the recent sale of the 19 acre ECUA property, the 5.1 acre Hallmark property — a full city block — is the largest contiguous redevelopment property remaining in downtown Pensacola. "As downtown now expands westward this parcel will be the anchor of that new development," Bell said. The property's value has increased, in large part, due to the recent removal of the ECUA’s Main Street sewer plant and construction of the Community Maritime Park. The main building was built in 1936, the cafeteria was constructed in 1942, and the third outlying building was built in 1999. Hallmark School was closed by the Escambia County School Board in 2011 and has been unoccupied since. The property is zoned C-3, which allows "heavy commercial use," said Bell.

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Old Hallmark school building back on the market

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