#1190 – 6881 Hwy 98 W, Pensacola, Florida 32506

$ 1,500,000
6881 Hwy 98 W,
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Overview

  • Updated On:
  • January 24, 2022

Description

PROPERTY SUMMARY

Zoning: Commercial
Market: Pensacola, FL
Acres Available: 1.885
Lot Dimensions: 245’w x 343’d
Traffic Count: 22,500

OVERVIEW

Only ~2,000 ft west of Naval Hospital Pensacola, this parcel’s building currently houses one long term rental restaurant, a 5,500 sq. ft. Mexican restaurant. The other side is setup as a restaurant and is available for lease. It offers 4,500 sq. ft. This is a heavily traveled area with regional and national chain businesses within a 2 mile distance. This parcel provides a great opportunity for an investor! Contact us for full financial details. Owner willing to divide.

HIGHLIGHTS

  • 245 ft of road frontage on Highway 98
  • 10,000 sq ft building
  • Two restaurants with long term tenants
  • High traffic area near military businesses
  • Close to Downtown Pensacola
  • Military and family area
  • Escambia County Parcel #212S311310000001

AREA MAP

6881 Hwy 98 W, Pensacola, Florida 32506

Only about 2,000 ft west of Naval Hospital Pensacola, this parcel’s building currently houses two restaurants, both with long term tenants. Within a 2-mile distance are several stores and restaurants including Wal-Mart, Chick-fil-a Little Caesars, Navy Federal Credit Union, Ashton Inn
& Suites and more. Being near Corry Station, Navy Exchange and Naval Air Station Pensacola provide a heavy military and family client base.

TRAFFIC – HWY 98 W

2017 Traffic Count: 22,500
2016 Traffic Count: 22,500
2015 Traffic Count: 21,500
(Traffic Data Website)

DEMOGRAPHICS

PENSACOLA, FLORIDA 32506

  • 36,664 population
  • 2.56 average household size
  • $50,275 median income
  • 56.7% homeownership rate
  • 88.4% high school degree or higher
  • Median housing value – $123,600

ESCAMBIA COUNTY, FLORIDA

  • 313,491 population
  • 2.46 average household size
  • $50,915 median income
  • 62.0% homeownership rate
  • 90.5% high school degree or higher
  • Median housing value – $146,200

(Find the most recent Census Data Here)

Address: 6881 Hwy 98 W
City:
State/County:
Country: United States
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Property Id : 18957
Price: $ 1,500,000
Property Lot Size: 1.88500 ac
DVP Reference #: 1190
Other Features
Road frontage

Goodloe “Red” Farrington

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Goodloe “Red” Farrington