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Turn-Key Restaurant Property
For Sale
$2,100,000

523 E Gregory St, Pensacola, FL 32502

Fully built-out operating restaurant with included FF&E and more than 50 dedicated on-site parking spaces.

Property Size4,884 SF
Days on Market144

Property Features for 523 E Gregory St

General Information

Standard status Active
Size 4,884 SF
Property subtype Retail

Additional Details

Furnished Yes
Business Included Yes

Building Details

Building Size 4,884 SF
Listing Agency: SVN | Southland Commercial Real Estate
Listed By: Michael Carro, CCIM · License #FL #BK3179263
Source: Southlandcommercial
Added: Apr 1 Changed: Aug 10 Last Checked: Jul 23 at 8:41AM

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 SVN | Southland Commercial Real Estate

Investment Insights

Based on property information with market context.

Turn-key restaurant property located at 523 E Gregory St in downtown Pensacola. The space is fully built-out and currently operating, with furniture, fixtures, and equipment (FF&E) included for a streamlined start. On-site parking is a key benefit, with more than 50 dedicated parking spaces available.

Positioned in the area described as “Restaurant Row,” the property sits across from McGuire’s Irish Pub and other restaurants. The remarks also note convenient proximity to Palafox Street, Community Maritime Park, and Pensacola Bay.

The listing is offered as a turnkey opportunity with FF&E and an already improved, restaurant-ready interior.

Key Highlights

  • Fully built‑out, operating restaurant with included FF&E (furniture, fixtures, and equipment)
  • More than 50 dedicated on‑site parking spaces
  • Located in downtown Pensacola’s Restaurant Row

Property Analytics

Current Use

Restaurant NOLA Restaurant

Suggested Use

Top Pick Dental Office Auto Parts Store Auto Repair Shop Building Supply Storage Facility Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,949
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 75% Shops & Services 23% Hotels & Casinos 2%
McDonald's Dining
24,686 visits/mo 0.5 miles
Whataburger Dining
20,893 visits/mo 0.0 miles
Krispy Kreme Doughnuts Dining
19,957 visits/mo 0.5 miles
Circle K Shops & Services
15,874 visits/mo 0.2 miles
Starbucks Dining
15,534 visits/mo 0.0 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully built-out operating restaurant with included FF&E and more than 50 dedicated on-site parking spaces.
Where is this conventional restaurant located?
The property is located at 523 E Gregory St Pensacola, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully built‑out, operating restaurant with included FF&E (furniture, fixtures, and equipment); More than 50 dedicated on‑site parking spaces; Located in downtown Pensacola’s Restaurant Row
More about this property
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