847 Navy BlvdPensacola, FL 32507

Property Details for 847 Navy Blvd

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

5,067 SF

Zone code

COM

Property type

Retail properties

Property subtype

Turn key restaurants

APN

52-2S-30-2000-000-003

APU

522S302000000003

Description

This exceptional 4,269 square foot restaurant and bar space is ideally situated in West Pensacola, at 847 N Navy Blvd, near Tyrone St and US-98. The single-tenant property boasts a convenient corner lot with ample parking (40 spaces) and outdoor seating, ensuring easy access and high visibility. Built in 2019 (renovated), this Class C building features a fully equipped kitchen, including a hood system and walk-in coolers. The interior includes a well-designed bar and dining area with additional coolers. The 0.5-acre lot is zoned "Com" (Commercial) and offers significant potential for a variety of food and beverage concepts. The property is served by Florida Power and Light. The property's APN is 522S302000000003. This turnkey opportunity is ready for immediate occupancy. The building is one story and is part of the Pensacola submarket cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $1,008,784

  6.5%

  $931,185

  7%

  $864,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $864,220

  Geo Method

  $907,737

• Alternative Use

  Use

  Valuation

  Residential

  $785,489

  Hospitality

  $719,504

  Educational

  $598,619

  Medical

  $619,206

  Retail

  $931,185

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4017

Longitude

-87.278

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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