Turnkey Restaurant or Redevelopment Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30793440 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Gross Land Area: |
1.24 Acres
|
| Sale Price: |
$499,000 |
| Unit Price: |
$402,419 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/25/2024 |
Overview / Comments
This turnkey restaurant is a prime investment opportunity is located in the gateway to Downtown Pensacola. The former Chet’s seafood is a fully operational restaurant, located in the Navy Blvd Commercial Area. This area varies from restaurants, both sit down and fast food, to Higher-End Antique shops. The traffic includes Naval and Downtown workers and shoppers. There has been a historical lunch and dinner crowd over the 38 years that Chet’s has been in operation at this location.
Located on a four lane highway with unlimited turning access, the building is highly visible and accessible. The parking lot is paved with asphalt. There are two parcels available. One parcel located on the west side of the Paved area borders on Navy Blvd and Shadow Lane. It is open level land which would allow for expansion. This site can also be redeveloped with 240’ of frontage on Navy Blvd.
Engineers estimate a cost of $35,000 to connect to sewer.
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Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Tax ID/APN: |
382S301000004002 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,898 |
71,541 |
139,727 |
| Median Age: |
33.8 |
36.78 |
37.04 |
| Households: |
3,738 |
28,070 |
52,920 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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