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3708 Navy Blvd - Turnkey Restaurant/ Redevelopment Opportunity

1.67 Acres of Commercial Land Offered at $599,000 in Pensacola, FL 32507

Executive Summary

This turnkey restaurant is a prime investment opportunity is located in the gateway to Downtown Pensacola. The former Chet’s seafood is a fully operational restaurant, located in the Navy Blvd Commercial Area. This area varies from restaurants, both sit down and fast food, to Higher-End Antique shops. The traffic includes Naval and Downtown workers and shoppers. There has been a historical lunch and dinner crowd over the 38 years that Chet’s has been in operation at this location.
Located on a four lane highway with unlimited turning access, the building is highly visible and accessible. The parking lot is paved with asphalt. There are three parcels total. One parcel located on the west side of the Paved area borders on Navy Blvd and Shadow Lane. It is open level land which would allow for expansion. This site can also be redeveloped with 240’ of frontage on Navy Blvd.
Engineers estimate a cost of $35,000 to connect to sewer.

Property Facts

Price $599,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 1.67 AC

1 Lot Available

Lot

Price $599,000
Price Per AC $358,683
Lot Size 1.67 AC
  • Listing ID: 25252831

  • Date on Market: 3/15/2022

  • Last Updated:

  • Address: 3708 Navy Blvd, Pensacola, FL 32507

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