For Sale
$1,625,000

555 Scenic Hwy Pensacola, FL 32503

Thriving Restaurant, Prime Location, High Potential

Source: https://www.saltercompany.com

Overview

Added:
Feb 10
Days on market:
77
Exceptional opportunity to acquire a fully operational, 2,868 square foot stand-alone restaurant situated on Pensacola's bustling Scenic Highway. This established business, Agapi Bistro and Garden, boasts consistent sales and increasing cash flow, presenting a compelling investment prospect. The property includes a full-service restaurant with dining areas, event spaces, a full bar (with a liquor license), and a well-equipped commercial kitchen. Recent renovations include a new roof (2020), a 7.5-ton HVAC system (2024), and a recently seal-coated and re-striped parking lot. The building also features a convenient drive-thru window and ample parking, accessible from two streets. The outdoor area, fully covered and beautifully landscaped, is ideal for private events, offering additional seating and amenities such as outdoor cooking facilities, a wet counter, a champagne wall, a photo area, and a dance floor. A thriving wine club with over 100 paid members adds significant value. The current owner is retiring after a 60-year career, offering a unique chance for ownership. Significant revenue growth potential exists by expanding operating hours (currently closed Sundays and Mondays, no lunch service). Furniture, fixtures, and equipment are included. Owner financing may be available for qualified buyers. 2024 total sales were $1,372,000. This turnkey operation presents a rare opportunity in a prime location.

Highlights

  • Thriving Pensacola restaurant with consistent sales and increasing cash flow.
  • Prime Scenic Highway location with ample parking and drive-thru.
  • Recently renovated with new roof, HVAC, and seal-coated parking lot; FF&E included.

Property Details for 555 Scenic Hwy

Property type
Retail properties
Square Feet
2,868 SF
Price / Square Foot
$566.60
Year Built
1966
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
2,868 SF
Lot Size (sq. ft)
16,852 SF
Units
40

Location Insight

City
Pensacola
County
Escambia
State
Florida

FAQs

What type of property is this?
Retail property - Thriving Restaurant, Prime Location, High Potential
Where is the retail property located?
The property is located at 555 Scenic Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Thriving Pensacola restaurant with consistent sales and increasing cash flow.; Prime Scenic Highway location with ample parking and drive-thru.; Recently renovated with new roof, HVAC, and seal-coated parking lot; FF&E included.
How can I contact the broker?
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555 Scenic Hwy
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