701 Scenic Hwy Pensacola, FL 32503

This established Pensacola, Florida restaurant, Scenic 90 Cafe, presents a unique investment opportunity. The 2,850 square foot, single-story building sits on a 0.69-acre lot (APN: 052S295905001025) and is zoned R-NC. Built in 1999 and renovated in 2023, this Class B property boasts a strong net operating income (NOI) of $225,000, yielding a 15.52% cap rate at an asking price of $1,450,000 ($508.77/sq ft). The property includes all furniture, fixtures, and equipment (FF&E). Recent improvements include a new walk-in cooler/freezer, new ice machines, HVAC replacement (2020), new LED and neon signage, and a newly added liquor license. The business, operating as a full-service restaurant, generated approximately $1,830,000 in sales through September 2024. The Scenic 90 Cafe offers indoor and outdoor dining options and benefits from a prime location with high visibility and accessibility from three streets within the competitive East Hill housing market. The current owner is retiring after a long career and the experienced staff is open to continuing employment. The property's current hours offer significant potential for growth. Occupancy is available October 7, 2024.