3708 W Navy Blvd Pensacola, FL 32507

This 1.24-acre commercial property presents a unique redevelopment opportunity in Pensacola, Florida. Located at 3708 W Navy Blvd, in the 32507 zip code, this site boasts 240 feet of frontage on a four-lane highway, ensuring high visibility and accessibility. The property includes two parcels; one is a level, open lot adjacent to Navy Blvd and Shadow Lane, offering potential for expansion. The existing building, formerly Chet's Seafood restaurant, is a fully operational structure, having served the community for 38 years. The area is a thriving commercial hub, featuring a mix of restaurants (both fast food and sit-down), and high-end antique shops, attracting a consistent flow of customers, including naval personnel, downtown workers, and shoppers. The property includes an existing paved asphalt parking lot. While the property is currently listed at $499,000, prospective buyers should note that engineers estimate a $35,000 connection cost to the sewer system. This prime location offers significant potential for various commercial ventures. The property's size and location make it an ideal candidate for redevelopment, expansion, or repurposing.