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    709 N Navy Blvd Pensacola, FL 32507

    Source: https://www.saltercompany.com
    For Sale
    $1,418,244

    Net lease, established seafood chain, high traffic location.

    Property size:
    3,444 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    305
    This exceptional investment opportunity presents a 3,444 square foot Shrimp Basket restaurant located at 709 N Navy Blvd, Pensacola, Florida, 32507. The property sits on a 0.93-acre lot in a high-traffic area boasting 43,000 cars passing daily. This established location is part of an 18-unit seafood chain, entirely owned and operated by the Artistry Restaurant Group, a testament to its consistent success. The current lease commenced on August 1, 2016, and extends until July 31, 2030, offering a secure, long-term investment. The restaurant features an outdoor patio, a key element of the Shrimp Basket brand. Its convenient location, just 10 minutes from the Pensacola Naval Hospital, ensures a steady stream of customers. The property is offered for sale at $1,418,244, presenting a compelling opportunity for investors seeking a stable, high-return investment in a thriving commercial area. This is a net lease property. The property is categorized as a restaurant, and other retail properties.

    Property Features for 709 N Navy Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    3,444 SF
    Price / Square Foot
    $411
    Elevators
    N/A
    Lot Size
    40,654 SF

    Building Details

    Year Built
    2015
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Pensacola location on bustling Navy Blvd with 43,000 daily passing cars.
    • Established 18‑unit seafood chain restaurant with a 7‑year‑old lease.
    • Attractive 3,444 sq ft building featuring an outdoor patio; lease extends to 2030.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shrimp Basket Seafood Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.27817
    Latitude
    30.399646

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    FAQs

    What type of property is this?
    Restaurant - Net lease, established seafood chain, high traffic location.
    Where is this restaurant located?
    The property is located at 709 N Navy Blvd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,418,244.
    What are key features of this property?
    This property features: Prime Pensacola location on bustling Navy Blvd with 43,000 daily passing cars.; Established 18-unit seafood chain restaurant with a 7-year-old lease.; Attractive 3,444 sq ft building featuring an outdoor patio; lease extends to 2030.
    (850) 564-0120
    Request Owner's contact information
    709 N Navy Blvd Pensacola, FL 32507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 N Navy Blvd Pensacola, FL 32507
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