Catylist ID:
#30835644
Turn Key Restaurant or Re-Development Opportunity! Across Univ. Plaza
Retail-Commercial
for Sale
| Catylist Listing ID: | 30835644 |
| Property Subtypes: | Restaurant |
| Building Size (RSF): | 3,967 SF |
| Gross Building Area: | 4,496 SF |
| Gross Land Area: | 0.92 Acres |
| Sale Price: | $2,395,000 |
| Unit Price: | $603.73 PSF |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 135 |
| Last Updated: | 3/16/2023 |
Overview / Comments
|
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 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. |
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 |
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