For Sale
$1,500,000

7130 Davis HwyPensacola, FL 32504

High-traffic location, strong NOI potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This free-standing, single-story restaurant building in Pensacola, Florida, presents a compelling owner-user or investment opportunity. Located at 7130 N Davis Hwy, this 5,208 square foot property sits on a 0.92-acre lot and boasts a prominent location on a high-traffic road (42,500 vehicles per day) with convenient access to I-10 Exit 13. The building, constructed in 1974 and renovated in 1980, features a drive-thru, two curb cuts, and ample parking for 45 vehicles. Currently operating as a 100% occupied Tu Do Vietnamese Restaurant, the property offers a pro-forma NOI of $108,000 and a pro-forma cap rate of 7.20%. The asking price is $1,500,000, translating to $288.02 per square foot. The property includes a large monument sign and is zoned HC/LI, allowing for multiple uses. Its strategic location places it near major retailers such as BJ's Wholesale, JC Penney, Verizon, and Academy Sports, as well as numerous restaurants and hotels. The building itself has a bar area and can seat up to 250 people. This is a rare opportunity to acquire a well-positioned, established restaurant with significant upside potential in a thriving commercial area. The property's features, high visibility, and strong surrounding demographics make it an attractive investment.

Highlights

  • Excellent location with high visibility.
  • Zoned for diverse commercial uses.
  • Turnkey freestanding restaurant building available.
  • High-traffic location with 42,500 vehicles per day on the frontage road.

Property Details for 7130 Davis Hwy

Property type
Retail properties, Restaurants
Square Feet
5,208 SF
Class
C
Year Built/Renovated
1974/1980
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF
Units
2

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4984862
Longitude
-87.2210268
7130 Davis Hwy, Pensacola, Florida

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7130 Davis Hwy
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