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    240 New Warrington Rd Pensacola, FL 32506

    For Sale
    $699,000

    Profitable Asian Market, Fully Renovated

    Property size:
    5,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a thriving Asian supermarket in Pensacola, Florida. Located at 240 N New Warrington Rd, this single-story, 5,160 square foot building sits on a 0.76-acre lot (including a 0.24-acre parcel behind the main building). The property boasts a Class B rating and features a newly renovated interior completed in 2023, including a new roof, electrical service, AC units, flooring, lighting, and state-of-the-art equipment such as display freezers, refrigerators, and shelving. The building is 100% occupied, with an occupancy date of June 1st, 2024. The asking price is $699,000, representing a price per square foot of $135.47. Ample parking is available with 20 spaces. The property is zoned COM and includes a rear storage container and a newly renovated modular living unit with two bedrooms, a full bathroom, and a kitchen. This turnkey operation benefits from a high traffic count on New Warrington Road (30,000+ AADT) and offers significant upside potential due to its recent opening and daily growth. The sale includes both the real estate and fixtures, furniture, and equipment (FF&E). The property's APN is 342S301270000006. This is a rare opportunity to acquire a profitable, fully renovated commercial property in a high-traffic location.

    Property Features for 240 New Warrington Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,160 SF
    Class
    B
    Lot Size
    33,106 SF

    Building Details

    Year Built/Renovated
    1970/2023
    Buildings
    1
    Stories
    1

    HighLights

    • $699,000 asking price for this 5,160 SF grocery store in Pensacola, FL.
    • Fully renovated in 2023, including new roof, electrical, AC, flooring, lighting, and equipment.
    • 100% occupancy since June 1, 2024.
    • Class B, single‑tenant retail building on a 0.76‑acre lot.
    • 20 parking spaces and a storage container.
    • Includes a renovated 2‑bedroom modular living unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm All Star Bingo Bingo Hall

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -87.275586493354
    Latitude
    30.414476494008

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Asian Market, Fully Renovated
    Where is this individual retail property located?
    The property is located at 240 New Warrington Rd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: $699,000 asking price for this 5,160 SF grocery store in Pensacola, FL.; Fully renovated in 2023, including new roof, electrical, AC, flooring, lighting, and equipment.; 100% occupancy since June 1, 2024.
    Request Owner's contact information
    240 New Warrington Rd Pensacola, FL 32506
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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
    240 New Warrington Rd Pensacola, FL 32506
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