555 Scenic Hwy - Restaurant FOR SALE


Pensacola, FL 32503- Southeast Pensacola
$1,625,000 USD
850-291-3341
555 Scenic Hwy, Pensacola, FL for Sale
$1,625,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

555 Scenic Hwy
Pensacola, FL 32503
Southeast Pensacola


HIGHLIGHTS

  • Turn Key Restaurant Business
  • Full Service Restaurant with Indoor and Covered Out Door Dining
  • Liquor License & FFand E
  • Value Add Opportunity (currently no lunch service offered)
  • Owner Financing Potential

OVERVIEW

This is an incredible chance to take ownership of the thriving Agapi Bistro and Garden. The current owner desires to retire after a storied 60 year career in the restaurant sector. Agapi Bistro and Garden demonstrates consistent stable sales and an increasing cash flow. Agapi Bistro encompasses a total of 2,865 square feet, thoughtfully designed to include dining areas, event spaces, a full bar (liquor license for on-site consumption), and a commercial kitchen complete with preparation zones and cooking stations. The property has undergone a complete renovation, featuring significant upgrades throughout. Notable enhancements include the installation of a new roof in 2020, the addition of a 7.5-ton HVAC system in 2024, and the incorporation of both indoor and outdoor fans. Additionally, the parking lot has recently been seal-coated and re-striped. The building also boasts a convenient drive-thru window. Full Service Restaurant Business Owner Financing Potential for Qualified Buyer Value Add Opportunity -Adding Hours Liquor License 2024 Total Sale $1,372,000 FF&E Included Chef will train throrugh transition if desired Lease Rate $21.60 PSF NNN Additionally, there is a significant value add opportunity. Currently, Agapi does not offer a lunch service and is closed on Sunday and Monday, by extending hours there is the opportunity to significantly enhance revenue. The rear outdoor area is fully covered and features an exquisitely designed green space, creating a warm and inviting atmosphere, perfect for gatherings. This area is frequently utilized for private events, special occasions, wine tastings, and themed dinners, providing numerous additional tables to accommodate guests. The venue is equipped with outdoor cooking facilities, a wet counter, a champagne wall, a designated photo area, and a dance floor, all tailored for professionally catered special events. Agapi boasts a vibrant wine club featuring more than 100 paid members. Currently, membership is capped, and there is a waiting list for those eager to join. Agapi Bistro, a full-service restaurant is strategically located on busy Scenic Highway, ensuring excellent visibility for passersby’s complemented by ample parking and convenient access from two streets at its prime corner location of Scenic Highway and DeSoto Street.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Agapi Bistro and Garden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

R-NC

APN/PARCEL ID

05-2S-29-5905-011-025

ASK ABOUT THIS PROPERTY

Cameron CauleyNAI PensacolaMore Info
850-291-3341

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Cameron CauleyNAI PensacolaMore Info
850-291-3341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.