Technical
Financial
Distress signals
Property profile

1917 Cervantes St Pensacola, FL 32501

OFF-MARKET
Bars & Pubs
Property ID
US18-3197738
2,611 SF 0.29 ac lot Built 1964
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a freestanding commercial building located on the corner of W Cervantes Street and N Street, one block west of the signalized intersection at Pace Boulevard and Cervantes in Pensacola, Florida. It has an approximate gross area of 2,564 square feet and was built in 1964. The building features multiple points of access, a strong street-facing presence, and on-site parking. It is situated near a heavily traveled east–west corridor while remaining just off the primary intersection, and it falls within flexible C-1 zoning. The property is eligible to participate in the City of Pensacola Commercial Property Improvement Program (CPIP), which provides grant funding for eligible non-residential buildings, subject to city review and approval.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,611 SF
Lot 0.29 ac (12,632 SF)
Zoning code C-1
APN 00-0S-00-9060-009-125
UPID US18-3197738

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Specialty Food Shop Wine and Liquor Store

Location

1917 Cervantes St Pensacola, FL 32501-2758
Pensacola metro Census 400 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
2 recorded transactions
2024
Price N/A
2017
$95,000

Zoning & alternative use

C-1 · Pensacola, FL
Zoning description

The commercial land use district is established for the purpose of providing areas of commercial development ranging from compact shopping areas to limited industrial/high intensity commercial uses. Conventional resident…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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