1240 Airport BlvdPensacola, FL 32504

Property Details for 1240 Airport Blvd

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.70 AC

Property size (Sq ft)

7,511 SF

Zone code

C-1

Property type

Turn key restaurants

APN

33-1S-30-4600-000-020

APU

331S304600000020

Description

This exceptional 7,500-square-foot freestanding restaurant space, located at 1240 Airport Blvd in Pensacola, Florida, presents a unique opportunity for a new or expanding business. Built in 2001 and extensively renovated in 2022, this Class A property boasts a complete bar area, comprehensive hood systems, four walk-in coolers, a freezer, and a grease trap. Two outdoor patios provide additional seating and ambiance. The building sits on 1.73 acres of land and includes 90 parking spaces, ensuring ample convenience for patrons and staff. Its strategic location directly in front of Sam's Club and adjacent to Panda Express, McDonald's, Lowe's, Barnes & Noble, and Ashley Furniture Outlet guarantees high visibility and foot traffic. The property is zoned C-1 and features a single tenancy, offering a blank canvas for a new culinary venture. The building is a single-story structure with no elevators. The APN is 331S30446000000020. This turnkey restaurant space offers immediate occupancy and is ready for a new operator to capitalize on its prime location and exceptional features. The property's proximity to major retailers and high traffic areas makes it an ideal location for a successful restaurant business. This is a rare opportunity to secure a well-equipped, high-visibility restaurant space in a thriving Pensacola submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $1,135,370

  6.5%

  $1,048,030

  7%

  $973,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $528,694

  Geo Method

  $555,315

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,012,020

  Mixed-Use / Specialty

  $1,057,120

  Hospitality / Lodging

  $792,275

  Office

  $1,064,200

  Institutional / Educational

  $1,103,560

  Residential Income

  $1,291,170

  Multifamily

  $1,477,450

  Automotive / Energy

  $945,911

  Parking / Income-Based Land

  $313,750

  Restaurant / Food Service

  $577,191

  Healthcare / Senior Housing

  $1,070,900

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4814

Longitude

-87.2149

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].