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Property profile & analytics
FOR SALE
Turn key restaurants

3507 Pace Blvd Pensacola, FL 32505

3,139 SF 0.89 ac lot Built 1966
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-0202469
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,139 SF
Lot 0.89 ac (38,813 SF)
Zoning code HC/LI
APN 09-2S-30-1100-000-151
UPID US18-0202469
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rk Real Investments LLC · 2 yrs held
Rk Real Investments LLC
since 2024
3 recorded transactions
2024
Price N/A
2023
$355,000
2005
$380,000
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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