5042 Bayou Blvd Pensacola, FL 32503
- Turn key restaurants
- 4,110 SF
- 0.42 lot acres
Current Use by Public Records
- 5042 Bayou Blvd Parking / Parking Lot
Property Details for 5042 Bayou Blvd
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.42 lot acres
- Property size
- 4,110 SF
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 33-1S-30-7100-007-009
- APU
- 331S307100007009
Description
This exceptional 4,014-square-foot freestanding building presents a unique investment opportunity in Pensacola, Florida. Situated on a 0.42-acre lot at 5042 Bayou Blvd, this single-tenant property boasts a highly desirable C-2 zoning, making it suitable for a variety of uses including restaurants, banks, and quick-service restaurants (QSRs). The building's existing restaurant infrastructure offers a significant advantage for food-related businesses. Its strategic location across from Cordova Mall, the largest shopping center on the Northwest Gulf Coast, and Sacred Heart Hospital ensures high visibility and substantial foot traffic. The property benefits from its proximity to hotels and other major retailers, placing it within one of Pensacola's busiest retail corridors, experiencing daily traffic counts exceeding 26,000 vehicles. This prime location, combined with the building's size and versatile zoning, makes it an ideal investment for entrepreneurs and businesses seeking a strong presence in a thriving market. The property is located in the Cordova submarket and submarket cluster, with a Pensacola, FL 32503 zip code. The cross street is N. 9th Avenue. Pensacola's population is estimated to be over 500,000. The entire 4,014 square feet is currently vacant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,860,000
- 6.5%
- $2,035,000
- 7%
- $2,035,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,715,000
- Geo Method
- $1,885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,820,000
- Retail
- $1,815,000
- Mixed-Use
- $1,730,000
- Hospitality
- $2,040,000
- Educational
- $1,800,000
- Residential Income
- $1,895,000
- Energy
- $1,740,000
- Income-Based Land
- $1,595,000
- Food Service
- $1,670,000
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2096
- Latitude
- 30.4731
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
