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    3708 W Navy Blvd Pensacola, FL 32507

    Source: https://www.saltercompany.com
    For Sale
    $499,000

    1.24 acres, high-traffic location, former restaurant.

    Property size:
    54,014 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    304
    This 1.24-acre commercial property presents a unique redevelopment opportunity in Pensacola, Florida. Located at 3708 W Navy Blvd, in the 32507 zip code, this site boasts 240 feet of frontage on a four-lane highway, ensuring high visibility and accessibility. The property includes two parcels; one is a level, open lot adjacent to Navy Blvd and Shadow Lane, offering potential for expansion. The existing building, formerly Chet's Seafood restaurant, is a fully operational structure, having served the community for 38 years. The area is a thriving commercial hub, featuring a mix of restaurants (both fast food and sit-down), and high-end antique shops, attracting a consistent flow of customers, including naval personnel, downtown workers, and shoppers. The property includes an existing paved asphalt parking lot. While the property is currently listed at $499,000, prospective buyers should note that engineers estimate a $35,000 connection cost to the sewer system. This prime location offers significant potential for various commercial ventures. The property's size and location make it an ideal candidate for redevelopment, expansion, or repurposing.

    Property Features for 3708 W Navy Blvd

    General Information

    Property type
    Other land
    Square Feet
    54,014 SF
    Price / Square Foot
    $9
    Elevators
    N/A
    Lot Size
    54,014 SF

    HighLights

    • Prime 1.24‑acre Pensacola restaurant site, ready for redevelopment.
    • High‑visibility location on four‑lane highway with ample parking.
    • Two parcels available, including open land for expansion, 240' 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?
    Land - 1.24 acres, high-traffic location, former restaurant.
    Where is this land located?
    The property is located at 3708 W Navy Blvd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime 1.24-acre Pensacola restaurant site, ready for redevelopment.; High-visibility location on four-lane highway with ample parking.; Two parcels available, including open land for expansion, 240' 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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