Legacy Restaurant Property

Retail-Commercial for Sale
Catylist Listing ID: 30509315
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 7,430 SF
Gross Building Area: See Agent
Gross Land Area: 2.30 Acres
Sale Price: $950,000
Unit Price: $127.86 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/30/2019

Overview / Comments

Unique Restaurant / Duplex for Sale om Pine Forest Rd. The restaurant itself has been in operation for over 30+ years. It has tremendous visibility with over 240' of frontage on Pine Forest Rd. The restaurant is approximately 4,253sf and has a proven track record within the community. Equipment to transfer at sale includes a 60 inch char-grill, 3 - 40 pound fryers, 1- 36 inch gas grill, 1- stacked connection oven, 1 - walk in refrigerator, 1 - 15' hood with dual exhaust and fire suppression, 2- Bench freezers, 1 - Reach in refrigerator as well as stainless steel tables and shelves. The duplex consists of 1,863sf of space that includes two, two bedroom units with two bathrooms. The property sits on a slab and contains brick veneer with a composite shingle roof. Currently, both units are leased to restaurant employees and may/may not transfer with the sale. Average rents for the area fall between $650-$750.00 per unit. This property is excellent for any restaurant entrepreneur seeking some additional investment income

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Zoning: HC/LI

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,833 36,275 100,856
Median Age: 35.46 41.54 38.56
Households: 1,242 14,475 37,843

Contact

Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE
Not a member of TALrex.com
Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC
TALrex.com Member
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