3507 Pace Blvd Pensacola, FL 32505
This exceptional 2,984 square foot retail or restaurant space, located on N Pace Blvd, presents a unique investment opportunity. Previously occupied by a Burger King and Mr. Wings, this single-tenant property boasts a prime location adjacent to Popeyes and other major retailers, ensuring high visibility and foot traffic. The property features a convenient drive-thru window, a fully equipped commercial kitchen, and a walk-in freezer – ideal for a variety of food service businesses. Ample parking is available with 20+ spaces, and the sizable 0.88-acre lot offers potential for expansion, including additional parking. The building, constructed in 1966, is zoned HC/LI and benefits from a fully functional HVAC system. W Fairfield Drive, a major thoroughfare with over 35,000 vehicles passing daily, provides exceptional exposure. This high-traffic location, combined with the existing infrastructure and ample parking, makes this property an attractive option for restaurant chains, coffee shops, or other retail businesses seeking a strong presence in a thriving commercial area. The property's size and features offer flexibility for a variety of uses, making it a truly compelling investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC/LI · Pensacola, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.