Free Standing Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30573814
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,721 SF
Gross Land Area: 0.94 Acres
Sale Price: $489,000
Unit Price: $103.58 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Cutting Board
Usable Size (USF): 4,721 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/27/2020

Overview / Comments

Freestanding Restaurant with covered outdoor eating space in Pace, FL located between US 90 and Chumuckla Hwy. This site features a traffic count of (AADT) 18700 and exceptional visibility with 227 feet of frontage on Woodbine Road, 3 means of ingress/ egress to the property and a freestanding Pylon sign with power. The shared parking easement allows for approximately 74 parking spaces surrounding the restaurant. Contents include 60 inch restaurant hood system with fire suppression, grease trap, 3 tier sink, hand sink, 3 stainless work tables,10-door walk-in cooler, bar tap with liquor shelf, 3-door cooler, 10 x 9 walk-in freezer, tables and booths. Market Demographics within a 5 Mile Radius include: Total Population 42,390, Median House Hold Income $69,350, Average House Hold Size 2.7, Median Age 40.1, High School Graduate or Higher 93%, Unemployment Rate of 2.3% and Total Businesses 1,063.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 17-1N-29-5800-0COMM-LOT0
Zoning: HCD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: US 90 and Chumuckla Hwy
Property Visibility: Excellent
Largest Nearby Street: Woodbine Rd.
Feet of Frontage: 227
Traffic/Vehicle Count: 18,700
Highway Access: Site is 0.8 of a mile to US 90, 3 miles to Five-Points, 4.5 miles to Scenic Hwy, 4.6 miles to University of West Florida, 7 miles to Avalon Blvd and 7.5 miles to I-10
Airports: Pensacola International Airport, Naval Air Station Whiting Field
Site Description: Freestanding restaurant with 3 separate entrances for easy ingress and egress onto or from Woodbine Road. 74 available parking spaces along with electric pylon sign and additional signage on the building make this restaurant a rare find in Pace.
Area Description: Pace, FL has seen the highest development in Santa Rosa County according to its Planning and Zoning Statistics & Charts. Pace, FL topped the County, ranking number one over a 24 year span for Commercial Permits. This growth has been attributed to Pace's "A" ranked school system and market demographics. A five mile radius of 4474 Woodbine Road shows a Total Population of 42,390 with a Median House Hold Income of $69,350. Consumer Behavior within this radius revealed 78.1% of families went to family style restaurants within the last 6 months, with 28.3% frequenting family style restaurants 4x or more per month, with 26.8% spending between $51-$200 per dinning experience.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,721 SF
Property Condition: Fair
Year Built: 1988
Total Parking Spaces: 74
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Zoning Description: Santa Rosa County: Highway Commercial Development - This district is designed to provide for a wide range of uses in appropriate and easily accessible locations adjacent to major transportation corridors and having access to a wide market area. This district is intended to be situated along selected segments of major thoroughfares in the vicinity of major intersections.
Lot Frontage: 227
Lot Depth: 223
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: Ingress and Egress Parking Easement, Agreement for Drainage Easement
Land Ownership: Owned
Legal Description: WOODBINE ESTATES (ALSO LYG INGOVT LOT 3 & FRACTIONAL SEC 17TWNSP 1 NORTH RANGE, 29 WEST)PORTION OF COMMERCIAL LOT DESAS FOLLS: COM ON NE R/W OF HWY197-A & N LN OF SEC 22 THNNWLY ON CURVD RD (R=1860.08 FTCHB=N13*27'27 "W) 15.88 FT TOPOB & CONT ON CURV (R=1860.08' CHB=N10*03'57"W) 211.73 FT TO S LN OF UNITED GAS PIPE- LINETHN S81*53'30"E ON R/W 213.40FT TO NW CORN OF LOT 1 BLK FOF WOODBINE ESTATES THN S06*0330"W ON W LOT LN 152.99 FTTHN N4*07'01"W 63.08 FT THNS71*08'04"W 100.80 FT TO POBAS DES IN OR 3809 PG 1353

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,418 16,703 47,339
Median Age: 39.28 39.34 38.31
Households: 530 6,204 17,670

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial NRT Pensacola
Gulf Coast CMLS Member
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