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$495,000
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Property Description
Discover a rare turn-of-the-century gem in the heart of Pensacola, ideally situated on the corner of Reus and Gregory just minutes from downtown, the sparkling white sand beaches, and quick access to the interstate. This historic circa 1900s property, once a beloved bar and restaurant, radiates timeless character with original hardwood flooring, soaring ceilings, fireplaces, intricate woodwork, and bay glass windows that capture the elegance of a bygone era. While the home does need some TLC, it offers tremendous potential with a spacious corner lot, 16+ parking spaces, new fencing, sidewalks, and sturdy four-sided wood construction. Upstairs, a private apartment blends historic charm with modern livability, making this a truly unique opportunity. Whether you envision restoring its legacy as a restaurant or bar, transforming it into a boutique venue, creating the perfect doctors, lawyers, or dental office, or designing your own dream historic home, this property is a rare piece of Pensacola's past with endless possibilities for the future. Call today, I would love to take you for a personal tour!
Full Property Details
Full Property Details for 400 W Gregory St
General
- Price: $495,000
- Status: Active
- Type: Single Family
- Source: Pensacola
- MLS ID: 671764
- Updated: 11/12/2025
- Added to Site: 107 day(s) ago
Interior
- Interior Features: Storage, High Ceilings, High Speed Internet, Gym/Workout Room, Media Room, Office/Study, Wine Storage Room
- Fireplace: Yes
- Fireplace(s): Two or More
- Appliances: No Water Heater
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom: 19 x 14, First Level
- Bathroom 1: 5 x 5, Second Level, 25 Sq. Ft.
Bedrooms
- Total Bedrooms: 3
- Bedroom 1: 14 x 7, Second Level, 98 Sq. Ft.
- Bedroom 2: 12 x 7, Second Level, 84 Sq. Ft.
Other Rooms
- Living Room: 16 x 14, First Level, 224 Sq. Ft.
- Kitchen: Not Updated, 12 x 7, Second Level, 84 Sq. Ft.
- Eat-in kitchen: Yes
- Dining Room: Breakfast Room/Nook, Eat-in Kitchen, Formal Dining Room, Kitchen/Dining Combo, 16 x 12, First Level, 192 Sq. Ft.
- Laundry: Laundry Room
Exterior
- Exterior Features: Balcony
- Deck/Patio: Covered, Patio, Porch
Parking
- Parking Features: Front Entrance, Guest, Parking Lot
Location
- County: Escambia - Fl
- Driving Directions: From Highway 110, take W Garden Street and head west for about 5 blocks. Turn right onto Reuse Street. and continue for 2 blocks. The property is located on the corner of Reuse Street and Gregory.
School Information
- Elementary School: Global Learning Academy
- Middle School: WORKMAN
- High School: Pensacola
Heating & Cooling
- Cooling Type: Multi Units
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Victorian
- Construction: Frame
- Roof: Gable, Metal
- Stories/Levels: 1
- Square Feet: 2,387
- Year Built: 1900
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.22
- Street/Road Desc.: Paved
- Road Maintenance: Public Maintained Road
- Lot Features: Central Access, Corner Lot, Historic District
- Zoning: Business, City, Commercial, Historical, Res Single
- Fencing (Description): Back Yard
Financial Considerations
- Price Per Sq. Ft.: $207.37
Disclosures and Reports
- Property ID: 000S009010060003
Listed by Century 21 BE3
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Schools
Schools serving 400 W Gregory St
School District:Escambia County School District, Cantonment, FL
| Name | Grades | Distance |
|---|---|---|
Global Learning Academy 100 North P Street, Pensacola, FL 32505 | PK-5 | 1.3 mi |
J. H. Workman Middle School 6299 Lanier Drive, Pensacola, FL 32504 | 6-8 | 5.1 mi |
Pensacola High School 500 West Maxwell Street, Pensacola, FL 32501 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 400 W Gregory St
Date
Details
Price
Change
Source
11/12/2025
Price Reduced
$495,000
-9.16%
MLS
10/02/2025
Listed
$544,900
70.28%
MLS
2/28/2025
Sold
$320,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 400 W Gregory St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,027
—
$303,446
8%
2024
$5,027
13%
$281,066
10%
2023
$4,466
17%
$255,515
21%
2021
$3,821
-8%
$211,170
-13%
2022
$4,148
9%
$242,896
22%
2021
$3,821
29%
$199,286
36%
2019
$2,954
15%
$146,919
-1%
2018
$2,574
5%
$147,998
4%
2017
$2,442
7%
$141,983
8%
2016
$2,281
15%
$131,653
31%
2015
$1,977
8%
$100,349
4%
2014
$1,834
-3%
$96,031
3%
2013
$1,899
—
$93,267
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 400 W Gregory St
400 W Gregory St, Pensacola, FL 32502 (MLS# 671764) is a Single Family property with 3 bedrooms and 2 full bathrooms. 400 W Gregory St is currently listed for $495,000 and was received on October 02, 2025. Want to learn more about 400 W Gregory St? Do you have questions about finding other Single Family real estate for sale in Pensacola? You can browse all Pensacola real estate or contact a Coldwell Banker agent to request more information.

