Restaurant- Catering Facility For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30372447
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Status: Pending
Building Size (RSF): 4,434 SF
Gross Land Area: 0.37 Acres
Sale Price: $449,500
Unit Price: $101.38 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Appetite For Life Catering Service
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/11/2019

Overview / Comments

Fantastic Redevelopment Opportunity on busy Cervantes Corridor. 30,000 CPD

Former Appetite For Life Catering Company
Real Estate & FF&E Convey With Sale
$1.2M Value on Kitchen & Equipment

Prime Facility for Caterer

Space can be devised and Owner/ Operator could lease out office area to offset cost.

Office space could be converted to a dining/seating area. Open a restaurant/diner on Cervantes!!!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City of Pensacola
Tax ID/APN: 000S009010230039
Zoning: C1
Retail Clientele: General, Family, Traveler, Other
Property Located Between: Cervantes and Strong Street
Largest Nearby Street: I-10
Feet of Frontage: 215
Traffic/Vehicle Count: 30,000
Highway Access: Immediate
Airports: Pensacola International Airport
Site Description: Hard corner position with a median cut in place. The site is developed with a private parking lot to the west side of the building and parking to the front and East side could easily accommodate 40+ cars. Sidewalks, parking stops are all inplace
Area Description: Strong commercial commuter corridor. The site is surrounded by rooftops and retail commercial businesses.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stand Alone Stucco building on hard corner parcel on Cervantes and Reus Street. Pull to the door parking across the front and east side of building with a full, private parking lot on the west side of the building.
Total Parking Spaces: 40
Parking Type: Surface
Interior Description: The inside is built out as a commercial catering kitchen (2,332 SF) and would be perfect for a caterer who needs a premium catering kitchen with equipment (included in sale). The value on kitchen and equipment is $1.2M. The kitchen underwent an extensive renovation in 2011. Managers Office, Pantry Area, Kitchen is walk in ready to cook! Extremely well laid out with stainless prep tables, shelves, carts, walk in coolers, commercial washers, combi oven, grease trap, Arctic Walk In, Heat Seal Machine, Extensive inventory List attached. The Office area (2,102 SF) features multiple private offices, conference area, reception and waiting. Area. Very nicely laid out space. The office could be leased out to offset cost OR built out to host a dining room. Would be a fantastic location for a restaurant with ABOVE national average restaurant spending potential within the 5 mile radius.
Zoning Description: C-1
Lot Frontage: 215
Lot Depth: 158.5
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,490 62,283 143,908
Median Age: 40.73 39.3 38.16
Households: 4,812 25,930 55,760

Contact

Photograph of Listing Agent

Cameron Cauley, MiCP

NAI Pensacola Gulf Coast CMLS Member
Photograph of Listing Agent

DeeDee Davis

NAI Pensacola Gulf Coast CMLS Member
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