tomo logo

$499,990

Beds
10
Baths
9.0
sq ft
6,507

211 W Cervantes St, Pensacola, FL 32501

211 W Cervantes St

Pensacola, FL 32501

  • 322 days on market
    • Price drop $49,910↓
Experience The Historic Florida Hotel. Fabulous opportunity for investors in North Hill! Prime location - Great visibility on Cervantes. This property boasts 6,000+ sq ft, 15 parking spaces in the back with easy access. Located within the Preservation District. Zoned PC-1. Potential to change to commercial for use as offices, studio, bed and breakfast, the possibilities are unlimited! An absolute historic treasure of Downtown Pensacola. Prime location with great income producing potential. Multi-family with current floorplan supporting large apartments. Driveways on both sides access large parking area in back. Some walls have been started and some upgrades to the electrical and plumbing have been started. This would be a great property for an array of offices and living space or develop into a Boutique Historic Hotel. Call about this one today!

Details

Property type

Single Family Residence

Property condition

Under Construction
New Construction

Lot size

0.33 acres

Price per sq ft

$77

Year built

1908

HOA

No

Price History

10/16/2024
Pensacola

Pensacola #637937

Price change
$499,990
-9.08%
07/11/2024
Pensacola

Pensacola #637937

Price change
$549,900
-8.2%
02/02/2024
Pensacola

Pensacola #637937

Removed
$599,000

Schools & Community

Neighborhood: 

St. John Coalition

Elementary school: 

Global Learning Academy

Middle school: 

Warrington

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

Financial Services Llc

Loan start date

January 2020

Original loan amount

$60,000

Est. remaining balance

Not provided

Interest rate

3.66%

Loan type

Commercial

Seller

Fixing Up Florida Llc

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: 11/09/2024 at 11:55 AM

Listing updated: 10/15/2024 at 10:40 PM

Listed by: Deborah Freed, LPT Realty Phone #: (877) 366-2213

MLS: Pensacola #637937

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