former ihop for sale in pensacola...• for sale- bank owned • sale price: $699,000 • pylon sign...
TRANSCRIPT
FORMER IHOP FOR SALE IN PENSACOLA19 N. Navy Boulevard | Pensacola, Florida 32507
Although Vallas Realty has obtained this information from sources deemed reliable and believes this information to be correct, no representations orwarranties are made as to the accuracy or reliability of this information. Estimations of square footage, size or age are approximate. Prices and termsare subject to prior sale, lease, withdrawal, or change at any timewithout notice.
Robert H. Cook, CCIM | 2600 Dauphin Street, Mobile, AL 36606 | 251.344.1444 • 251.367.2970 | [email protected]
• Building is approximately ±7,140 SF
• Lot size is ±1.25 AC
• Property has 93 parking spots
• FOR SALE- BANK OWNED
• Sale Price: $699,000
• Pylon sign on the corner of Navy Blvd &
Gulf Beach Highway
• Across from Warrington Elementary
• Traffic Counts of 23,500 VPD on Navy
Blvd and 17,700 on Gulf Beach Hwy
Former IHOP Restaurant located at the busy intersection of Navy Blvd, Gulf Beach Hwy, and
Barrancas Ave. Adjacent to CVS, and in close proximity to the Naval Air Station. Property is Bank
Owned, via Deed in Lieu of Foreclosure. Some equipment may remain, although Seller makes no
representations or warranties on equipment. Building to be sold in “As-Is Where-Is” condition.
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Robert H. Cook, CCIM | 2600 Dauphin Street, Mobile, AL 36606 | 251.344.1444 • 251.367.2970 | [email protected]
PENSACOLA MARKET PROFILEPensacola is a seaport on Pensacola Bay, which isprotected by the barrier island of Santa Rosa andconnects to the Gulf of Mexico. The beaches facing theGulf of Mexico are renowned for their white sand andemerald waves. In fact, Pensacola Beach was voted theNo. 1 best beach in Florida, according to USA Today's10Best Readers’ Choice Awards for 2018.
The city has been referred to as "The Cradle of NavalAviation". Naval Air Station Pensacola (NASP) was thefirst Naval Air Station commissioned by the U.S. Navyin 1914. Tens of thousands naval aviators havereceived their training there, and the Navy's FlightDemonstration Squadron, the Blue Angels, is stationedthere.
Pensacola’s economy is strong because of its diversity.The tourist industry is one of the most important,contributing $849 million in 2015, a 26% increase over2014. The military drives 35% of Northwest Florida’seconomy. Naval Air Station Pensacola is home to theBlue Angels, the Navy’s flight demonstration team, aswell as the National Naval Aviation Museum, whichdraws 850,000 guests per year, resulting in a $47million regional economic impact.
Out of 125 cities across the United States, US News andWorld Report ranked Pensacola #53 of Best Places toLive in 2018. Pensacola is the 28th-most desirable spotout of the 125 most populous metro areas in the U.S.,according to a Google Consumer Survey.
SUMMARY INFORMATIONBuilding Size: ±7,140 SF
Property Size: ±1.25 AC
Parking Spaces: 93
Signage: Pylon sign on corner of
Navy Boulevard & Gulf
Beach Highway
Curb Cuts: 1 on N Navy Blvd.
1 on Gulf Beach Hwy
2017 Traffic Counts: 46,500 VPD on Gulf
Beach Highway
23,500 on Navy Blvd
Nearby Tenants: Domino’s, Checker’s,
Advance Auto Parts,
CVS, The UPS Store
.For Sale: $699,000
*Picture of Previous Condition
Although Vallas Realty has obtained this information from sources deemed reliable and believes this information to be correct, no representations or warranties are made as to the accuracy or reliability
of this information. Estimations of square footage, size or age are approximate. Prices and terms are subject to prior sale, lease, withdrawal, or change at any time without notice.
Photographs of PropertyF
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Robert H. Cook, CCIM | 2600 Dauphin Street, Mobile, AL 36606 | 251.344.1444 • 251.367.2970 | [email protected]
Although Vallas Realty has obtained this information from sources deemed reliable and believes this information to be correct, no representations or warranties are made as to the accuracy or reliability
of this information. Estimations of square footage, size or age are approximate. Prices and terms are subject to prior sale, lease, withdrawal, or change at any time without notice.
Property Survey and Tax PlatF
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Robert H. Cook, CCIM | 2600 Dauphin Street, Mobile, AL 36606 | 251.344.1444 • 251.367.2970 | [email protected]
Although Vallas Realty has obtained this information from sources deemed reliable and believes this information to be correct, no representations or warranties are made as to the accuracy or reliability
of this information. Estimations of square footage, size or age are approximate. Prices and terms are subject to prior sale, lease, withdrawal, or change at any time without notice.
Site Aerial and Demographics
2018 Demographics 1 Mile 3 Miles 5 Miles
Total Population 6,661 46,202 102,849
Median Age 34.7 30.4 34.1
Largest Median Age Group 25-34 25-34 25-34
Annual Population Growth Projection for 2018-2023
0.62% 0.70% 0.89%
Daytime Population 7,205 62,017 133,488
Households & Income 1 Mile 3 Miles 5 Miles
Total Households 2,792 16,042 37,741
Average HH Size 2.27 2.43 2.46
Average HH Income $49,767 $51,028 $50,720
Housing & Value 1 Mile 3 Miles 5 Miles
Owner-Occupied Houses 37.2% 39.7% 41.7%
Renter-Occupied Houses 45.2% 44.5% 43.6%
Average House Value $166,355 $175,324 $209,320
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Robert H. Cook, CCIM | 2600 Dauphin Street, Mobile, AL 36606 | 251.344.1444 • 251.367.2970 | [email protected]
Although Vallas Realty has obtained this information from sources deemed reliable and believes this information to be correct, no representations or warranties are made as to the accuracy or reliability
of this information. Estimations of square footage, size or age are approximate. Prices and terms are subject to prior sale, lease, withdrawal, or change at any time without notice.