Prime Restaurant/Retail Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30876121
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad
Building Size (RSF): 4,496 SF
Gross Land Area: 0.92 Acres
Sale Price: $1,500,000
Unit Price: $333.63 PSF
Ceiling: 12 ft.
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Tu Do Restaurant
Usable Size (USF): 4,496 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/29/2024

Overview / Comments

This Drive-Thru Restaurant location sits along N Davis Hwy. just off of I-10 exit with a traffic count of 42,500 VPD. Property features a drive-thru and over 50 parking spaces all in +/- .92 acres. Building is currently occupied by an Asian restaurant, and owner is looking to invest in other areas.

This property offers great visibility and access from N Davis Hwy. and sits just across the street from University Town Plaza which includes major retailers such as BJ's Wholesale Club and Academy Sports and Outdoors. Nearby Restaurants include: Bubba's 33, Jim N' Nicks, Cheddars, Texas Roadhouse, and Moe's Southwest Grill. This site offers many major retailers, restaurants, and hotels just off of the interstate.

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, Recreation
Property Located Between: Creighton Rd. and Bloodworth Ln.
Property Visibility: Excellent
Largest Nearby Street: Creighton Rd.
Feet of Frontage: 159
Traffic/Vehicle Count: 42,500
Highway Access: I-10
Airports: Pensacola International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,496 SF
Property Condition: Good
Year Built: 1977
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Asphalt Parking Lot
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 159
Lot Depth: 275
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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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

Photograph of Listing Agent

Daniel J Hua

Alliance Real Estate Gulf Coast CMLS Member
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