tomo logo

$974,900

Beds
2
Baths
2.0
sq ft
1,508

118 E Wright St, Pensacola, FL 32501

118 E Wright St

Pensacola, FL 32501

  • 121 days on market
    • Price drop $4,900↓
Are you ready to own a piece of Pensacola history? Take a look at this breathtaking two story commercial building located in the heart of Downtown, just one block from Palafox St. Thought to have been built in 1940, it has been discovered that the building was actually constructed in 1890, making it the oldest remaining building on the block. Not just here-say, the owners were able to locate the original abstract of title, handwritten on parchment paper, which includes over 100 documents relating to the construction and sale of the property. Also found were: old photographs of the building, blueprints, and dozens of newspaper articles and ads documenting the buildings long and rich history as a saloon, grocery store, boarding house, pharmacy, jewelry shop, diner, and much more. Did we mention it is historically registered? The property is currently being utilized as a two unit AirBNB. However, being zoned Downtown Retail Commercial (C-2A), the possibilities for the use of the building are endless. Make it a business, single family home, or keep it multi-family. Inside, the building features fully exposed brick walls throughout. Unit A, located on the ground floor, offers a wide open space with 14 foot ceilings. Stunning kitchen with reverse osmosis water system and featuring a more than 100 year old butcher block counter, which was removed from a butchers shop and imported from Belgium. Bathroom features a remarkable copper clawfoot tub, and massive walk-in closet. Unit B, located upstairs, showcases original and beautifully distressed 1890’s hardwood floors. These floors can be seen in some of the old photos. Custom shutters on the windows, electronic blinds, and new kitchen. In the bathroom you will find an original advertisement billboard, which was uncovered behind old panel walls and found partially intact. Owners restored the missing portion of the advertisement. Walk-in shower, closet space, and washer/dryer hookup.

Details

Property type

Townhouse

Est. home value

$690,273

Lot size

723.096 sq ft

Price per sq ft

$647

Year built

1890

HOA

No

Price History

09/14/2024
Pensacola

Pensacola #645988

Price change
$974,900
-0.5%
09/11/2024
Pensacola

Pensacola #645988

Price change
$979,800
-0.01%
09/03/2024
Pensacola

Pensacola #645988

Price change
$979,900
-1.89%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

J&J Ventures Of Tampa Llc

Loan start date

March 2023

Original loan amount

$740,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

Not Provided

Seller

Justin Amberg and Jennifer Amberg

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 6:00 PM

Listing updated: 09/14/2024 at 9:13 AM

Listed by: Jennifer Amberg, Palm Island Realty Group, LLC Phone #: (850) 807-4122

MLS: Pensacola #645988

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