Catylist ID:
#30835644
Turn Key Restaurant or Re-Development Opportunity! Across Univ. Plaza
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30835644 |
| Property Subtypes: | Restaurant |
| Status: | Pending/Contingent |
| Building Size (RSF): | 3,967 SF |
| Gross Building Area: | 4,496 SF |
| Gross Land Area: | 0.92 Acres |
| Sale Price: | $2,245,000 |
| Unit Price: | $565.92 PSF |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 135 |
| Last Updated: | 4/16/2024 |
Overview / Comments
|
TAKE ANOTHER LOOK: Owner willing to look at all reasonable offers - Submit your offers today! Well-established for 22 years, this successful Vietnamese restaurant in a Prime location has much to offer: * Phenomenal growth in Pensacola has contributed to a High Traffic area on N Davis Hwy with an Average Daily Traffic count of 42,000 vehicles. * Easy access to Interstate 10; approximately 1/8th of a mile. * It is situated directly across University Town Plaza with its numerous National Retail stores and shops; including BJ’S Wholesale club. * In proximity to the University of West Florida, Pensacola State College, West Florida Hospital, and the new Baptist Hospital campus; which is on track for 2023 opening. * Pensacola International Airport is approx. 10 minutes away. * Many Hotels in the immediate vicinity. * Excellent Visibility-Large Billboard-style signage. * Fully furnished dining area; well-equipped kitchen with Walk-In Cooler and fairly new Walk-In Freezer ( August 2021) * There is an additional 720 square feet (aprox.) adjoining the dining area which could easily be converted for more dining or perhaps a dedicated bar lounge. * Separate Building on lot is for dry goods storage. * Sale price includes restaurant business with all existing furniture, fixtures, and equipment; as well as the real estate. Please Note: Contact Real Estate Agent with questions. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County |
| Tax ID/APN: | 301S302404000000 |
| Zoning: | COM |
| Retail Clientele: | General, Family, Business, Traveler, Tourist |
| Property Located Between: | Creighton Rd and Bloodworth Lane |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Creighton Rd and Intestate - 10 |
| Feet of Frontage: | 159 |
| Traffic/Vehicle Count: | 42,000 |
| Highway Access: | Interstate -10 |
| Airports: | Pensacola International Airport |
| Site Description: | Well-established for 22 years, this successful Vietnamese restaurant has much to offer: * Phenomenal growth in Pensacola has contributed to a High Traffic area on N Davis Hwy with an Average Daily Traffic count of 42,000 vehicles * Easy access to Interstate 10; approximately 1/8th of a mile * It is situated directly across University Town Plaza with its numerous National Retail stores and shops; including BJ’S Wholesale club. * In proximity to the University of West Florida, Pensacola State College, West Florida Hospital, and the new Baptist Hospital campus which is on track for 2023 opening. * Pensacola International Airport is aprox. 10 minutes away. * Many Hotels in the immediate vicinity. * Excellent Visibility-Large Billboard-style signage. * Fully furnished dining area; well-equipped kitchen with Walk-In Cooler and fairly new Walk-In Freezer ( August 2021) * There is an additional 720 square feet (aprox.) adjoining the dining area which could easily be converted for more dining or perhaps a dedicated bar lounge. * Separate Building on lot is for dry goods storage. * Sale price includes restaurant business with all existing furniture, fixtures, and equipment; as well as the real estate. Please Note: Contact Real Estate Agent with questions. |
| Area Description: | * Phenomenal growth in Pensacola has contributed to a High Traffic area on N Davis Hwy with an Average Daily Traffic count of 42,000 vehicles * Easy access to Interstate 10; approximately 1/8th of a mile * It is situated directly across University Town Plaza with its numerous National Retail stores and shops; including BJ’S Wholesale club. * In proximity to the University of West Florida, Pensacola State College, West Florida Hospital, and the new Baptist Hospital campus which is on track for 2023 opening. * Pensacola International Airport is aprox. 10 minutes away. * Many Hotels in the immediate vicinity. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 1977 |
| Roof Type: | Flat |
| Construction/Siding: | Stucco |
| Exterior Description: | Well maintained |
| Total Parking Spaces: | 50 |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Zoning Description: | Commercial |
| Lot Frontage: | 159 |
| Lot Depth: | 275 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | BEG 1062 FT N AND 37 FT E OF SW COR OF LT 2 E 273 8/10 FT S 194 FT W 275 FT N 194 FT TO BEG LTS 4 5 OF UNRECORDED PLAT OR 5555 P 2222 LESS THAT PORTION OF LT 4 LYING E OF AND WITHIN 68 FT OF SURVEY LI FOR STATE RD NO 8 LESS OR 2021 P 848 TLC PROPERTIES INC |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,986 | 67,819 | 154,160 |
| Median Age: | 34.76 | 37.07 | 38.45 |
| Households: | 3,711 | 28,223 | 62,353 |
Contact
Angelo GuadagnanoSONO Real Estate BrokerageGulf Coast CMLS Member |
| © Copyright 2024 Moody's. All Rights Reserved. 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. |
