3206 E De Soto St Pensacola, FL 32503
Property profile & analytics
3206 E De Soto St, Pensacola, FL 32503
- Turn key restaurants
- 3,261 SF
- 0.24 lot acres
Property ID
US18-4153403
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Nancy's Catering & Events / Take-out & Catering / Catering Service
Property Details for 3206 E De Soto St
- Year built
- 2014
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.24 lot acres
- Zone code
- R-NC
- Property type
- Turn key restaurants
- APN
- 05-2S-29-5905-010-037
- APU
- 052S295905010037
Description
This exceptional investment opportunity encompasses two adjacent properties totaling 5,832 square feet in Pensacola, Florida. The package includes the thriving Agapi Bistro & Garden restaurant and Nancy's Catering, both fully operational and boasting combined 2024 sales (through September) of $1,830,000. Agapi Bistro, a 2,865 sq ft establishment located at 555 Scenic Hwy, features a full bar (with liquor license), updated kitchen, indoor/outdoor dining, and a recently renovated space. Key improvements include a new roof (2020), a 7.5-ton HVAC system (2024), and a seal-coated and restriped parking lot. The outdoor area is ideal for events, with outdoor cooking facilities and ample space. Nancy's Catering, situated at 3206 E De Soto St, occupies a 2,964 sq ft metal building (built 2014, renovated 2023) with an 18-foot ceiling, offering substantial storage, a walk-in cooler/freezer, and office space. Included are a delivery van, box truck, and catering supplies for up to 400 guests. The properties are situated on a 0.62-acre lot with ample parking, benefiting from high visibility on a busy corner of Scenic Highway and DeSoto Street. The asking price is $1,950,000, representing a $334.36/sq ft price and an attractive 11.54% cap rate with a current NOI of $225,000. The property is zoned R-NC and offers significant value-add potential, such as expanding lunch service. The current owner is retiring, presenting a seamless transition opportunity, with the executive chef available for a handover period. The property is a Class B building, built in 2014 and extensively renovated in 2023. The occupancy date is October 7, 2024.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.178
- Latitude
- 30.4272
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,231
$0.00
$0.00
$238,669
-
$105,020
$156,420
$261,440
