High Visibility Mixed-Use Retail, Restaurant, & Apartment Property
Listing was updated at: 07/17/2019
Property Overview
Price/Rent PSF $ 800,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 13,406
Date Available 07/17/2019
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Description

Location
This 1.24 acre site is comprised of two tax parcels and includes frontage on Barrancas Avenue, South Navy Boulevard, Commerce Street, and South 1st Street. Great location near entrance to NAS, in close proximity to the Pensacola Country Club, and just minutes from Downtown Pensacola. High traffic count, 23,000 AADT (Navy), 24,000 AADT (Barrancas) per FDOT avg annual daily traffic. Strong retail corridor.

Sale
This Pensacola landmark has a great location with frontage on Navy Blvd, Barrancas Av, Central and S. 1st Street! The property includes approximately 8,863 square feet of multi-tenant retail space with a 3 bedroom, 1-bath apartment on the second floor, and a separate 3,211 square foot restaurant with drive-thru (originally constructed as a Hardy's, and currently occupied by Mr. Teriyaki). Drive thru restaurant includes walk in cooler & freezer, 2 hood systems, grease traps, HVAC (28 tons), DSL/Cable/Phone and dining room package. 6 car D/T stack and 50 parking spaces. The hood system and AC unit in the restaurant building are approximately 5 years old. The retail buildings were constructed between 1929 and 1942, and the restaurant building was constructed in 1977. Long term tenants with below market leases that are currently on a month-to-month basis.

Location