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    3000 Navy Blvd Pensacola, FL 32505

    Sponsored
    For Sale
    $599,000

    1.67-acre Turnkey Restaurant Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.67-acre commercial property, located at 3000 W Navy Blvd in Pensacola, Florida (zip code 32505), presents a unique opportunity for both established businesses and developers. Currently zoned COM, this prime location boasts a fully operational restaurant building, previously housing Chet's Seafood for 38 years, offering a turnkey solution for immediate operation or redevelopment. Situated on a four-lane highway with excellent visibility and accessibility, the property benefits from high traffic volume, including Naval personnel, downtown workers, and shoppers. The existing building is complemented by a paved asphalt parking lot and three total parcels. One parcel, bordering Navy Blvd and Shadow Lane, offers 240 feet of frontage and open level land ideal for expansion. The property's strategic location within the Navy Blvd Commercial Area, surrounded by diverse businesses ranging from fast food to high-end antique shops, ensures strong potential for success. While the property is currently set up as a restaurant, its zoning and ample space allow for a variety of redevelopment options. Prospective buyers should note an estimated $35,000 sewer connection cost. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Pensacola neighborhood. The property's history, location, and potential make it an attractive investment for both established businesses and forward-thinking developers.

    Property Features for 3000 Navy Blvd

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    HighLights

    • $599,000 asking price for 1.67 acres of commercial land.
    • Located at 3000 W Navy Blvd, Pensacola, FL 32505, in Escambia County.
    • Zoned COM, suitable for a turnkey restaurant or redevelopment.
    • Features a 240' frontage on Navy Blvd with ample parking and expansion potential.
    • Estimated $35,000 sewer connection cost.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.262268
    Latitude
    30.411268

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    FAQs

    What type of property is this?
    Land - 1.67-acre Turnkey Restaurant Site
    Where is this land located?
    The property is located at 3000 Navy Blvd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price for 1.67 acres of commercial land.; Located at 3000 W Navy Blvd, Pensacola, FL 32505, in Escambia County.; Zoned COM, suitable for a turnkey restaurant or redevelopment.
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    3000 Navy Blvd Pensacola, FL 32505
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    Pensacola, FL 32505
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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
    3000 Navy Blvd Pensacola, FL 32505
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