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Pensacola,FL 32501
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FOR SALE - ACTIVE

118 E Wright St, Pensacola FL 32501

2
Beds
2
Bathrooms
On Street
1508 sq.ft
1890
About this place
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.
Property Highlights
Property type
Res Attached
year built
1890
County
Escambia
city
Pensacola
bedrooms
2
baths
2
Parking
On Street
Square feet
1508 sq.ft
Lot size area
0.0166
Lot size dimensions
-
Waterfront
No
Exterior Features
roof
See Remarks
Construction features
Brick
exterior
-
pool
No
Interior Features
cooling
Yes
floors
See Remarks
Interior features
Baseboards,Bookcases,Cathedral Ceiling(s),Ceiling Fan(s),Crown Molding,High Ceilings,Recessed Lighting,Walk-In Closet(s)
ftr appliance
Tankless Water Heater/Gas
Dining type
-
cooling
Yes
design
-
Show 20+ more property details

118 E Wright St, Pensacola FL 32501 is located in

Directions
Directions
From Palafox, two blocks East on Wright St. on the north side of the road, by the corner of Wright St and Tarragona.
Elementary School
Global Learning Academy
Middle School
Workman
High School
Pensacola

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Loan term
0 Years
Interest
0 %
Property price
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Down payment
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$250 per month
This estimated monthly payment is for reference purposes only, based on a 7.5% interest rate, a 20% down payment, and a 30-year loan term. Actual rates, terms, and payments may vary. For personalized mortgage details, please consult a financial professional or reach out to us for assistance via our contact page.
30 year fixed, 7.25% interest
974200
Est. payment $2500/ mo
This estimated monthly payment is for reference purposes only, based on a 7.5% interest rate, a 20% down payment, and a 30-year loan term. Actual rates, terms, and payments may vary. For personalized mortgage details, please consult a financial professional or reach out to us for assistance via our contact page.

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Frequently asked questions

Find fast answers to common questions about our home search and buying process. For more details, contact our team.

What should I consider when buying a home in Pensacola?

When buying a home in Pensacola, consider factors like proximity to schools, work, and amenities, as well as property taxes and the long-term value of the neighborhood. Pensacola offers diverse housing options, from coastal living to suburban communities. At StraightForward Realty, we guide buyers through understanding local market trends and finding the right fit.

What’s the home-buying process in Gulf Breeze?

The home-buying process in Gulf Breeze typically begins with securing financing, followed by finding a home that suits your needs. Once you’ve found a property, you’ll make an offer, complete inspections, and finalize the mortgage. StraightForward Realty helps simplify this process, ensuring you find the perfect Gulf Breeze home while navigating negotiations and paperwork.

How can I find the best beachfront properties in Pensacola Beach?

Beachfront properties in Pensacola Beach are highly sought after, so working with a local expert is key. StraightForward Realty has access to the latest listings and can help you act quickly when properties hit the market. We can also guide you through zoning laws, insurance requirements, and property maintenance unique to beachfront homes.

What are the best neighborhoods for families in Pace?

Pace is known for its family-friendly neighborhoods, with highly rated schools, parks, and a close-knit community feel. Some of the best neighborhoods for families include Stonebrook Village and North Harbor. StraightForward Realty can help you explore these areas, providing insights into school districts, amenities, and property values.

What’s the average home price in Milton, FL?

The average home price in Milton varies depending on location, size, and amenities. Currently, homes range from $200,000 to $400,000, with properties near parks or schools generally commanding higher prices. StraightForward Realty will help you understand market trends and secure the best deal based on your budget and preferences.

How do I get pre-approved for a mortgage in Cantonment?

Getting pre-approved for a mortgage in Cantonment involves submitting financial documents such as tax returns, bank statements, and credit reports to a lender. Pre-approval helps streamline the buying process and makes you a more attractive buyer. StraightForward Realty can connect you with trusted local lenders to help you get pre-approved.

Are there any first-time homebuyer programs in Pensacola?

Yes, Pensacola offers several first-time homebuyer programs, including down payment assistance and favorable loan terms. These programs can help lower your upfront costs and make homeownership more accessible. StraightForward Realty will guide you through eligibility requirements and help you take advantage of these programs.

What should I look for in a Gulf Breeze investment property?

When searching for investment properties in Gulf Breeze, consider factors like location, rental demand, and potential for property appreciation. Gulf Breeze is popular for vacation rentals, making beachfront properties and homes near attractions ideal for investors. StraightForward Realty provides insights into local rental markets and helps you make informed decisions.

How long does it take to close on a home in Pensacola Beach?

Closing on a home in Pensacola Beach typically takes 30-45 days, depending on the complexity of the transaction and financing. To ensure a smooth closing, it's important to work with local experts familiar with the area. StraightForward Realty coordinates with lenders, inspectors, and title companies to keep everything on track.

What are the property taxes like in Pace, FL?

Property taxes in Pace, FL, are relatively moderate compared to other parts of Florida. They are typically calculated based on the assessed value of your home and any applicable exemptions. StraightForward Realty can help you estimate property taxes for homes you’re interested in, allowing you to factor them into your long-term financial planning.

What is the best time of year to sell a home in Pensacola?

The ideal time to sell a home in Pensacola often depends on market trends, but typically, spring and summer are the best seasons. Warmer weather brings out more buyers, and families prefer to move during this time. That said, each neighborhood, from Gulf Breeze to Milton, can have unique selling windows, so it's important to consult a local real estate expert to get specific insights about your area.

How can I price my home competitively in Gulf Breeze?

To price your Gulf Breeze home competitively, a thorough market analysis is essential. Our team at StraightForward Realty will evaluate recent sales of similar properties in Gulf Breeze, assess your home's condition, and consider neighborhood demand. We aim to set a price that attracts buyers while maximizing your return in this sought-after coastal area.

What are the top features buyers look for in Pensacola Beach homes?

Homes in Pensacola Beach often attract buyers looking for waterfront properties, modern amenities, and proximity to the ocean. Features like updated kitchens, outdoor living spaces, and energy-efficient systems can increase the value of your property. StraightForward Realty can help you highlight these features to appeal to buyers in this unique coastal market.

How do I prepare my home for sale in Pace?

Preparing your home for sale in Pace involves decluttering, making necessary repairs, and staging the property to appeal to local buyers. Since Pace is a family-friendly area, showcasing spaces like family rooms, backyards, and proximity to schools can help attract buyers. We can provide personalized recommendations to help your home shine.

What are the benefits of selling my home with StraightForward Realty?

Selling with StraightForward Realty means working with a team that knows Pensacola, Gulf Breeze, and surrounding areas inside out. We leverage local market expertise, targeted marketing strategies, and strong negotiation skills to ensure your home sells quickly and at the best price. Our local SEO-focused marketing will maximize your listing's visibility to buyers searching in these areas.

How long does it typically take to sell a home in Milton?

Homes in Milton typically sell within 30-60 days, depending on the market, condition of the home, and price point. Homes priced competitively in high-demand areas, like those near local schools and parks, often sell quicker. At StraightForward Realty, we analyze your property's location and market trends to give you a clearer timeframe.

What’s the process of selling a property in Cantonment?

Selling a property in Cantonment involves several steps: determining your home’s value, preparing it for the market, listing it on MLS and other platforms, and negotiating offers. Cantonment has seen steady growth, so it's important to price your property right. StraightForward Realty will handle all aspects of the process, from listing to closing.

Can I sell my rental property in Pensacola while tenants are living in it?

Yes, you can sell a rental property in Pensacola while tenants are still living in it, but it requires careful communication and planning. Florida law provides certain rights to tenants, and StraightForward Realty will guide you through this process while ensuring minimal disruption to your tenants and potential buyers.

Do I need to make repairs before selling my home in Gulf Breeze?

While making repairs can increase the value and appeal of your Gulf Breeze home, it's not always necessary. StraightForward Realty will evaluate the condition of your home and advise on the most cost-effective repairs to help you get the best price. In some cases, selling "as-is" may be the best strategy for a quick sale.

How do I handle multiple offers on my Pensacola Beach property?

Receiving multiple offers on your Pensacola Beach property can be exciting, but it’s important to evaluate each one carefully. StraightForward Realty will help you compare the terms, including price, contingencies, and buyer qualifications, ensuring you select the offer that best meets your needs and timeline.

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