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Freestanding QSR with Drive-Thru

3507 Pace Blvd Pensacola, FL 32505

3507 Pace Blvd, Pensacola, FL, 32505
$685,000
For Sale
$685,000

QSR FOR SALE PENSACOLA FL

Property Size2,984 SF
Lot Size0.88 Acres
Price / SF$229.56
AddedFeb 23
Days on Market141
Last RefreshApr 8 at 2:26 pm

Property Features for 3507 Pace Blvd

General Information

Standard status
Active
Property type
Other retail properties, Other commercial real estate
Size
2,984 SF
Net Rentable
2,984 SF
Class
B
Total Parking Spaces
20
Lot size
0.88 Acres
Investment Type
1

Building Details

Year Built
1980
Buildings
1

Listing agent Faith License #BK3551079

Listing office FMIG

Listing date Feb 23, 2026


Investment Insights

Based on property information with market context.

This freestanding 2,984-square-foot property, formerly occupied by Burger King and Mr. Wings, is available for sale in Pensacola, Florida. Situated on 0.88 acres, the property features a drive-thru, a full commercial kitchen, and ample on-site parking. The property is suitable for restaurant or retail use.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $53.7k $18.00
− Vacancy −$5.5k −$1.85
EGI $48.2k $16.15
− OpEx −$14.5k −$4.84
NOI $33.7k $11.30
2,984 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$481.8K
$421.6K – $562.1K (±1% cap)
NOI $33,726 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$875.8K
$766.3K – $1.02M (±1% cap)
NOI $61,303 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail properties & Spaces

Suggested Use

Real Estate Agency Pharmacy Parking Lot & Garage Skin Care Clinic Bakery Gym & Fitness Center Hotel & Motel Locksmith Garden Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Other retail property - QSR FOR SALE PENSACOLA FL
Where is this other retail property located?
The property is located at 3507 Pace Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $685,000.
Contact an agent
More about this property
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