Turn Key Restaurant or National Franchise Location in Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30435672
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 5,161 SF
Gross Building Area: 1,561 SF
Gross Land Area: 0.69 Acres
Sale Price: $595,000
Unit Price: $115.29 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Former Bangkok Garden
Usable Size (USF): 5,161 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2020

Overview / Comments

Alliance Real Estate is pleased to present a fully equipped, turn key restaurant for sale or lease. After decades of serving the the area as a popular Thai restaurant, the owner's retirement presents an opportunity to re-open or re-develop and take advantage of this well positioned site in a high traffic area with strong fast-food restaurant demographics.

A 132+ million dollar county redevelopment project across the street is creating strong interest from national brands. In addition, Baker-Tilly lists site as a designated Opportunity Zone.

Parcel backs up to shopping center parking. Check with center owner for potential easement or lease if larger building or lot footprint is desired.

This location can also be leased at $4500/month Plus NNN.

Cross Parking Easement with The Plaza Building behind restaurant.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Submarket Type: Central Business District
Taxing Authority: Escambia County
Tax ID/APN: 092S301100001238
Zoning: HC/LI
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: North Pace Blvd and North L Street
Property Visibility: Excellent
Largest Nearby Street: W. Fairfield Drive
Feet of Frontage: 150
Traffic/Vehicle Count: 34,000
Highway Access: Located 1.3 Miles SW of I-110.
Airports: PNS
Site Description: Highly Visible location with convenient ingress/egress Strong Daily Traffic Count - 34,000 .688 acres with potential expansion to accommodate more parking
Area Description: Daytime Population 48,000 in 2 mi. radius Opportunity Zone (per BakerTilly Map) 132+ Million Dollar County development project under construction nearby
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,161 SF
Property Condition: Good
Year Built: 1976
Year Renovated: 2003
Construction/Siding: Brick, Concrete
Parking Type: Surface
Parking Description: Cross Easement parking and access with The Plaza Office Building behind the restaurant.
Sprinklers: Other
Heat Type: Electricity, Natural Gas
Heat Source: Central
Interior Description: Restaurant includes a banquet area not currently in use.
Lot Frontage: 150
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: BEG AT NE COR OF LT 2 SEC 8 T 2S R 30 W BEING NE COR OF LT 205 HYER PLACE PB 1 P 92 THENCE S 1 DEG 37 MIN 20 SEC W ALG E LI LT 2 1269 68/100 FT S 46 DEG 42 MIN 25 SEC W 19 77/100 FT TO PT IN N LI FAIRFIELD DR N 88 DEG 23 MIN 40 SEC W ALG N LI 256 FT TO POB CONT N 88 DEG 23 MIN 40 SEC W 150 FT N 1 DEG 37 MIN 20 SEC E 200 FT S 88 DEG 23 MIN 40 SEC E 150 FT S 1 DEG 37 MIN 23 SEC W 200 FT TO POB OR 2791 P 101

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,180 86,062 168,054
Median Age: 37.28 37.77 38.38
Households: 2,530 33,894 68,339


Photograph of Listing Agent

Omar Walter Nagi

Alliance Real Estate Gulf Coast CMLS Member
Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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