Existing Restaurant or Development Parcel

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30827996
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Status: Pending/Contingent
Building Size (RSF): 7,300 SF
Sale Price: $1,680,000
Unit Price: $230.14 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Happy China Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

Great location and traffic count for your new business or development. Existing restaurant is still in operation, but can move with 90 days notice. The restaurant had a new roof put on after Hurricane Sally.

This 1.32 Acre parcel is located between the Super Wal-Mart on Mobile Hwy. and the new Aldi's Supermarket.

Adjacent land is available if needed.

Listing broker is a partner in the ownership of the property.

Call for information now.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 152S304204000000
Zoning: COM
Retail Clientele: General, Family, Business
Property Located Between: Fairfield Dr. and Edison
Property Visibility: Excellent
Largest Nearby Street: Mobile Hwy.
Feet of Frontage: 150
Traffic/Vehicle Count: 30,000
Airports: Pensacola International Airport
Site Description: Level and paved site with building structure (restaurant)
Area Description: Business District
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,300 SF
Property Condition: Good
Year Built: 1979
Year Renovated: 1990
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: COM
Lot Frontage: 150
Lot Depth: 420
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,364 83,003 153,226
Median Age: 34.78 35.7 37.1
Households: 4,128 30,526 60,351


Photograph of Listing Agent

David P Wu

Alliance Real Estate
Gulf Coast CMLS Member
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