Technical
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Distress signals
Property profile

608 Wright St Pensacola, FL 32501

OFF-MARKET
Turn key restaurants
Property ID
US18-4247091
995 SF 0.1 ac lot Built 1918
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

In downtown Pensacola, Florida, the property is a historic Victorian-style commercial building on a 0.104-acre lot. The building is approximately 918 square feet and features a U-shaped front porch, three interior rooms, one bathroom, and a kitchen. Original architectural elements include wood panel ceilings, original windows, and hardwood floors. The kitchen area is configured with a restaurant-style range and venting (hood vents), though most kitchen equipment has been removed. The site includes a small fenced backyard. The property is within walking distance of the Pensacola Civic Center and the Crown Plaza hotel and is surrounded by retail, dining, and entertainment uses; it is suited to a range of commercial functions such as retail, a café, or office use.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1918
Construction WOOD
Total area 995 SF
Lot 0.1 ac (4,388 SF)
Zoning code OEHC-2
APN 00-0S-00-9020-021-002
UPID US18-4247091

Cap rate & NOI

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

Location

608 Wright St Pensacola, FL 32501-4922
Pensacola metro Census 801 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$80k

Owner & transaction history

since 2014
3 recorded transactions
2016
Price N/A
2014
$11,800
1969
Price N/A

Zoning & alternative use

OEHC-2 · Pensacola, FL
Zoning description

The Old East Hill preservation zoning districts are established to preserve the existing residential and commercial development pattern and distinctive architectural character of the structures within the district. The r…

General category COMMERCIAL

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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