Property profile

3000 Navy Blvd Pensacola, FL 32505

OFF-MARKET
Land
1.67 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.67 ac (72,745 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3000 Navy Blvd Pensacola, FL 32505
Pensacola metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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