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    3507 N Pace Blvd Pensacola, FL 32505

    Source: https://www.saltercompany.com
    For Sale
    $1,000,000

    High-traffic, 2,984 SF restaurant, sale/lease.

    Property size:
    4,028 SF

    Description

    Added:
    Feb 10, 2025
    Days on Market:
    302
    This exceptional 2,984 square foot restaurant property in Pensacola, Florida, presents a lucrative investment opportunity. Located at 3507 N Pace Blvd, 32505, this former Burger King and Mr. Wings site boasts a prime location adjacent to Popeyes and other major retailers, ensuring high visibility and consistent foot traffic. The 0.89-acre lot provides ample space, including a large parking area with over 20 spaces, and additional land suitable for expansion. The building, constructed in 1966 and zoned HC/LI, features a drive-thru window, a fully equipped commercial kitchen, and a walk-in freezer. The property also benefits from a fully functional HVAC system. With over 35,000 vehicles passing daily on nearby W Fairfield Drive, this location offers unparalleled exposure. The asking price is $1,000,000, and lease terms are available at $20.00 per square foot annually. This versatile space is ideal for a variety of restaurant concepts, coffee shops, or similar businesses. The 4,028 square foot building offers significant potential for a discerning investor or operator.

    Property Features for 3507 N Pace Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    4,028 SF
    Price / Square Foot
    $248
    Elevators
    N/A
    Net Rentable
    2,984 SF
    Lot Size
    38,808 SF

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    1

    HighLights

    • Prime 2,984 SF restaurant space available for sale or lease.
    • Located near major retailers with high daily traffic counts on W Fairfield Drive.
    • Features a drive‑thru, commercial kitchen, walk‑in freezer, and ample parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.240312
    Latitude
    30.448276

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    FAQs

    What type of property is this?
    Restaurant - High-traffic, 2,984 SF restaurant, sale/lease.
    Where is this restaurant located?
    The property is located at 3507 N Pace Blvd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime 2,984 SF restaurant space available for sale or lease.; Located near major retailers with high daily traffic counts on W Fairfield Drive.; Features a drive-thru, commercial kitchen, walk-in freezer, and ample parking.
    (850) 564-0120
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    3507 N Pace Blvd Pensacola, FL 32505
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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
    3507 N Pace Blvd Pensacola, FL 32505
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