Built-Out Restaurant with Exterior
For Sale
Contact for pricing
1585 Pine Ridge Rd Unit #5, Naples, FL 34109
Remodeled kitchen with indoor and outdoor bar service supports flexible dining and entertainment configurations.
Property Size6,309 SF
Price / SF$569.03
Days on Market50
Property Features for 1585 Pine Ridge Rd Unit #5
General Information
Standard status
Active
Size
6,309 SF
Property subtype
Retail
Additional Details
Patio
Yes
Listing Agency:
Investment Properties Corporation of Naples
Listed By:
Christine McManus · License #FL 653823
(239) 261-3400
Source:
Crexi
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 28 at 8:53AM
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 Investment Properties Corporation of Naples
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Investment Insights
Based on property information with market context.
This 6,309-square-foot restaurant space is fully built out with 1,500 square feet of exterior seating and a 365° bar providing service indoors and outdoors. The recently remodeled kitchen is complemented by a $100,000 sound and lighting package. Seating accommodates 180 guests inside and 80 outside in the standard layout, or up to 300 indoors when arranged as a dance club.
The property is positioned on Pine Ridge Road in Naples’ central commercial corridor and includes parking for more than 300 cars. Its existing improvements combine restaurant infrastructure, outdoor dining, bar service, and entertainment-oriented equipment in one operating venue.
The property is positioned on Pine Ridge Road in Naples’ central commercial corridor and includes parking for more than 300 cars. Its existing improvements combine restaurant infrastructure, outdoor dining, bar service, and entertainment-oriented equipment in one operating venue.
Key Highlights
- 6,309 SF of interior restaurant space
- 1,500 SF of exterior seating
- 365° bar with interior and exterior service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,563
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,491,260
$2.5M
Cap Rate 7%
$1,779,471
$1.8M
Cap Rate 9%
$1,384,033
$1.4M
Market Conditions
NOI Build-Up for 6,309 SF
Gross rent
$170.3K $27.00/SF
− Vacancy
−$4.3K −$0.68/SF
EGI
$166.1K $26.33/SF
− OpEx
−$41.5K −$6.58/SF
NOI
$124.6K $19.74/SF
Area
Collier County, FL
Vacancy
2.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,491,260
Cap Rate 7%
$1,779,471
Cap Rate 9%
$1,384,033
Alternative Uses
Best Use
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,563 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,246 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 34109, FL
26,102
Population
16,027
Households
1.6
Avg Household Size
55
Median Age
50%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,088
Density / Sq Mi
$91,073
Median Household Income
$57,422
Median Earnings
$1,873
Median Rent
$628,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled kitchen with indoor and outdoor bar service supports flexible dining and entertainment configurations.
Where is this conventional restaurant located?
The property is located at 1585 Pine Ridge Rd Unit #5 Naples, FL.
What is the asking price?
The asking price for this property is $3,590,000.
What are key features of this property?
This property features: 6,309 SF of interior restaurant space; 1,500 SF of exterior seating; 365° bar with interior and exterior service
