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    709 N Navy Blvd Pensacola, FL 32507

    For Sale
    $1,418,244

    Profitable seafood chain restaurant with long-term lease in place.

    Property size:
    3,444 SF
    Lot size:
    0.93 Acres

    Property Features for 709 N Navy Blvd

    General Information

    Size
    3,444 SF
    Lot size
    0.93 Acres

    Source: SVN | Southland Commercial Real Estate Agent Michael Carro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seafood Restaurant Investment Opportunity

    This property features a corporately owned Shrimp Basket restaurant, part of an 18-unit seafood chain operated by Artistry Restaurant Group with locations across three Southeastern states. The restaurant is currently 7 years into a 14-year lease, which commenced on August 1, 2016, and is set to expire on July 31, 2030. The property includes outside dining with its signature patio. Situated on Navy Blvd, the location benefits from a high-traffic area with approximately 43,000 passing cars daily. The property is located on a bustling street with various businesses, including restaurants, shops and service providers. It is also located 10 minutes away from the Naval Hospital in Pensacola. The property size is 3,444 square feet.
    Property Profile 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
    County
    Escambia
    State
    Florida
    Longitude
    -87.2781698
    Latitude
    30.3996463

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    FAQs

    What type of property is this?
    Conventional restaurant - Profitable seafood chain restaurant with long-term lease in place.
    Where is this conventional 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: - Established 18-unit seafood chain location.; - High traffic location with **43,000 passing cars daily**.; - Lease in place until 07/31/2030.
    (850) 380-3344
    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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