Standalone Restaurant with
For Sale
Contact for pricing
Pending
400 W Gregory Street, Pensacola, FL 32502
Historic standalone restaurant building includes equipment and furniture, with a 580 sq ft upstairs apartment potential.
Property SizeContact for details
Days on Market148
Property Features for 400 W Gregory Street
General Information
Standard status
Pending
Property subtype
Special Purpose
Zoning
residential/neighborhood commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Liquor License
Yes
Multifamily Units
1
Building Details
Year Built
1970
Listing Agency:
Florida Homes Rlty. & Mtg. LLC
Listed By:
Dominique Mahler · License #SL 3424388
Source:
Crexi
Added: Apr 11
Changed: Aug 21
Last Checked: Sep 2 at 8:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Homes Rlty. & Mtg. LLC
Investment Insights
Based on property information with market context.
This historic, standalone building is currently set up as a restaurant and comes with equipment and furniture included in the sale. The space includes 2 full bathrooms and 1 half bath, with an allowed occupancy of 164. Effective year is 1970.
The property is zoned residential/neighborhood commercial. A Beer and Wine License and a Restaurant License are available for transfer. Liquor is permitted with the requirement that at least 51% of sales are food and that proper licensing is maintained.
In addition to the restaurant setup, there is potential rental income from a 580 sq ft upstairs apartment. A long-term tenant is currently in place, and the owner is willing to finance long term for a well-qualified buyer. Convenient access to the airport, I-10, and major retailers is noted, with the ocean within walking distance.
The property is zoned residential/neighborhood commercial. A Beer and Wine License and a Restaurant License are available for transfer. Liquor is permitted with the requirement that at least 51% of sales are food and that proper licensing is maintained.
In addition to the restaurant setup, there is potential rental income from a 580 sq ft upstairs apartment. A long-term tenant is currently in place, and the owner is willing to finance long term for a well-qualified buyer. Convenient access to the airport, I-10, and major retailers is noted, with the ocean within walking distance.
Key Highlights
- Historic, stand‑alone building in downtown Pensacola currently set up as a restaurant
- Restaurant sale includes equipment and furniture
- Zoned residential/neighborhood commercial; liquor permitted with minimum 51% in food sales and proper licensing
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,207
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
10,862 visits/mo
0.4 miles
Shell
Shops & Services
9,975 visits/mo
0.5 miles
Regions Bank
Shops & Services
3,554 visits/mo
0.2 miles
Demographics for 32502, FL
4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic standalone restaurant building includes equipment and furniture, with a 580 sq ft upstairs apartment potential.
Where is this conventional restaurant located?
The property is located at 400 W Gregory Street Pensacola, FL.
What are key features of this property?
This property features: Historic, stand‑alone building in downtown Pensacola currently set up as a restaurant; Restaurant sale includes equipment and furniture; Zoned residential/neighborhood commercial; liquor permitted with minimum 51% in food sales and proper licensing
