For Sale
$699,000

240 New Warrington RdPensacola, FL 32506

Profitable Asian Market, Fully Renovated

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a thriving Asian supermarket in Pensacola, Florida. Located at 240 N New Warrington Rd, this single-story, 5,160 square foot building sits on a 0.76-acre lot (including a 0.24-acre parcel behind the main building). The property boasts a Class B rating and features a newly renovated interior completed in 2023, including a new roof, electrical service, AC units, flooring, lighting, and state-of-the-art equipment such as display freezers, refrigerators, and shelving. The building is 100% occupied, with an occupancy date of June 1st, 2024. The asking price is $699,000, representing a price per square foot of $135.47. Ample parking is available with 20 spaces. The property is zoned COM and includes a rear storage container and a newly renovated modular living unit with two bedrooms, a full bathroom, and a kitchen. This turnkey operation benefits from a high traffic count on New Warrington Road (30,000+ AADT) and offers significant upside potential due to its recent opening and daily growth. The sale includes both the real estate and fixtures, furniture, and equipment (FF&E). The property's APN is 342S301270000006. This is a rare opportunity to acquire a profitable, fully renovated commercial property in a high-traffic location.

Highlights

  • $699,000 asking price for this 5,160 SF grocery store in Pensacola, FL.
  • Fully renovated in 2023, including new roof, electrical, AC, flooring, lighting, and equipment.
  • 100% occupancy since June 1, 2024.
  • Class B, single-tenant retail building on a 0.76-acre lot.
  • 20 parking spaces and a storage container.
  • Includes a renovated 2-bedroom modular living unit.

Property Details for 240 New Warrington Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,160 SF
Class
B
Year Built/Renovated
1970/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.414476494008
Longitude
-87.275586493354
240 New Warrington Rd, Pensacola, Florida

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240 New Warrington Rd
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