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    905 E Gregory St Pensacola, FL 32502

    Source: https://www.saltercompany.com
    For Sale
    $4,900,000

    Prime Waterfront Restaurant Real Estate

    Property size:
    8,500 SF

    Description

    Added:
    Feb 7, 2025
    Days on Market:
    305
    Exceptional opportunity to acquire an established 8,500 square foot restaurant and bar on Pensacola's scenic bayfront. This well-known, locally-loved establishment boasts a seating capacity exceeding 345, featuring waterview dining, expansive dining rooms, and private meeting space. Recent renovations and service upgrades enhance its appeal. The property includes a large full-service kitchen, prep stations, and a separate bar area with both bar stool and table service potential. Open-air balconied porches provide elegant waterfront views. Ample parking is available. Located within walking distance of Pensacola's Historic Seville Square, this property benefits from excellent visibility, accessibility, and the synergy of a growing tourism sector. Situated in a high-growth corridor with luxury homes and national retailers, this location offers significant potential. The sale includes the land and building improvements only; restaurant operations and fixtures, furniture, and equipment (FF&E) are not included. The 1.45-acre lot is situated in Pensacola, FL, zip code 32502. Priced at $4,900,000.

    Property Features for 905 E Gregory St

    General Information

    Property type
    Restaurants
    Square Feet
    8,500 SF
    Price / Square Foot
    $576
    Elevators
    N/A
    Lot Size
    63,162 SF

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1

    HighLights

    • Prime 8,500 sq ft bayfront restaurant & bar location in Pensacola, FL.
    • Seating for over 345 guests, plus ample parking and recent renovations.
    • Established location near Seville Square, boasting excellent visibility and access.
    Insight Report Location Intelligence

    Current Use by Public Records

    South Market Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.197507
    Latitude
    30.418292

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    FAQs

    What type of property is this?
    Restaurant - Prime Waterfront Restaurant Real Estate
    Where is this restaurant located?
    The property is located at 905 E Gregory St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Prime 8,500 sq ft bayfront restaurant & bar location in Pensacola, FL.; Seating for over 345 guests, plus ample parking and recent renovations.; Established location near Seville Square, boasting excellent visibility and access.
    (850) 564-0120
    Request Owner's contact information
    905 E Gregory St Pensacola, FL 32502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    905 E Gregory St Pensacola, FL 32502
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