920 E Gregory

Retail-Commercial for Sale
Catylist Listing ID: 30753903
Property Subtypes: Restaurant
Building Size (RSF): 7,774 SF
Gross Building Area: 8,164 SF
Sale Price: $2,995,000
Unit Price: $385.26 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,774 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2021

Overview / Comments

Phenomenal restaurant opportunity overlooking the Pensacola Bay and Bay Bridge. This is a landmark location at the north end of the Pensacola Bay Bridge with high traffic visibility on an unbelievable vista. Bring your concept and share the magic of this location with your patrons. Huge adjoining lot with shaded oak trees and ample parking.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009025007036
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: On east end of Gregory St just off the bridge
Property Visibility: Excellent
Largest Nearby Street: E. Gregory
Traffic/Vehicle Count: 18,000
Highway Access: Direct
Airports: Pensacola International Airport
Site Description: Elevated site with large shade trees and brick paver parking overlooking the bay
Area Description: FROM CITY OF PENSACOLA WS: Located in Florida’s panhandle, Pensacola is surrounded by 50-plus miles of coastline which includes the emerald-green Gulf of Mexico waters and crystal clear bay areas. This makes Pensacola the perfect combination of a relaxed beach town and bustling metropolitan center. The temperate, climate and a friendly community that is driven toward success present an unparalleled quality of life. The city has a proud military heritage, thanks to the Naval Air Station. In addition to being the "Cradle of Naval Aviation," the Pensacola Bay Area is proud to call itself home to the renowned Blue Angels, officially known as the U.S. Navy Flight Demonstration Squadron. Welcoming family or friends for a visit is convenient with our local Pensacola International Airport which offers nonstop air service to nine major U.S. cities, over 1300 domestic flights, and 21 international flights via six major airlines.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,774 SF
Property Condition: Fair
Year Built: 1978
Roof Type: Hip
Construction/Siding: Stucco
Exterior Description: Stucco finished outer walls
Parking Type: Surface
Parking Description: Marked surface spots
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Demised restaurant floorplan with a main dining area, bar and lounge area, private banquet room and expansive kitchen area.
Zoning Description: Commercial
Lot Frontage: 313
Lot Depth: 156
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Land Ownership: Fee simple
Legal Description: E 16 FT OF LT 7 & LOTS 8 9 10 BLK 36 NEW CITY TRACT ALSO W 1/2 OF VACATED 15TH AVE R/W BETWEEN S R/W LI OF HEINBERG...

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,856 39,244 115,126
Median Age: 41.14 41.3 38.6
Households: 2,777 16,826 44,814

Contact

Photograph of Listing Agent

Jim Ball

Century 21 Blue Marlin Pelican
Gulf Coast CMLS Member
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