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    3708 W Navy Blvd Pensacola, FL 32507

    Source: https://www.saltercompany.com
    For Sale
    $599,000

    Turnkey restaurant, redevelopment potential. High-traffic location.

    Property size:
    2,447 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    300
    This exceptional commercial property presents a unique investment opportunity in Pensacola, Florida. The 2,200 square foot building, formerly a successful seafood restaurant operating for 38 years, is located on West Navy Boulevard, a four-lane highway offering excellent visibility and accessibility. The property boasts a paved asphalt parking lot and benefits from high traffic volume due to its proximity to downtown Pensacola and Naval facilities. The diverse surrounding commercial area includes various restaurants, antique shops, and other retail businesses. The building's prime location ensures a consistent flow of customers from both local residents and tourists. The property includes three parcels totaling 1.67 acres, with one parcel offering open level land suitable for expansion. With 240 feet of frontage on Navy Boulevard, this site is ideal for redevelopment. The existing building is fully operational and ready for immediate use as a turnkey restaurant. Engineers estimate a $35,000 connection cost to the sewer system. This property offers significant potential for both continued restaurant operation or complete redevelopment.

    Property Features for 3708 W Navy Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    2,447 SF
    Price / Square Foot
    $244
    Elevators
    N/A
    Net Rentable
    2,055 SF
    Lot Size
    72,745 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Pensacola location, near downtown, high visibility on four‑lane highway.
    • Turnkey restaurant with 38‑year operational history, includes existing equipment.
    • 1.67‑acre lot with expansion potential and 240' of Navy Blvd frontage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chet's Catering & Seafood Seafood Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.261849
    Latitude
    30.411122

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant, redevelopment potential. High-traffic location.
    Where is this restaurant located?
    The property is located at 3708 W Navy Blvd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Prime Pensacola location, near downtown, high visibility on four-lane highway.; Turnkey restaurant with 38-year operational history, includes existing equipment.; 1.67-acre lot with expansion potential and 240' of Navy Blvd frontage.
    (850) 564-0120
    Request Owner's contact information
    3708 W 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
    3708 W Navy Blvd Pensacola, FL 32507
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