1004 Cervantes StPensacola, FL 32501

Property Details for 1004 Cervantes St

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.41 AC

Property size (Sq ft)

2,961 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Bars

APN

00-0S-00-9060-019-035

APU

000S009060019035

Description

This exceptional investment opportunity presents a thriving 2,724 square foot liquor store and bar located at 1004 West Cervantes Street in Pensacola, Florida. Boasting a prime location just one mile from Interstate 110, this established business benefits from high daily traffic volume exceeding 35,000 vehicles and serves a substantial population of over 200,000 residents. The property sits on a 0.41-acre lot and includes all necessary licenses and permits for alcohol sales, a significant advantage in a competitive market. The existing bar within the store provides an additional revenue stream, complementing the already successful liquor store operation. This owner-user opportunity offers a stable, recession-resistant investment in a high-demand industry with potential for future growth and expansion. The 100% occupancy rate and strong customer base demonstrate the business's established success and profitability. The asking price is $1,650,000, translating to $605.73 per square foot. This turnkey operation presents a rare chance to acquire a well-established business with significant upside potential in a desirable location. The property's convenient access to major transportation arteries ensures easy accessibility for customers and employees alike. This is a truly unique opportunity for an investor seeking a stable and profitable venture in the thriving Pensacola market.

• CAP approach

  CAP return

  Valuation

  6%

  $589,502

  6.5%

  $544,156

  7%

  $505,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,024

  Geo Method

  $530,454

• Alternative Use

  Use

  Valuation

  Residential

  $459,016

  Hospitality

  $420,456

  Educational

  $349,815

  Medical

  $361,845

  Retail

  $544,156

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4204

Longitude

-87.2292

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.