Active
8491 Navarre Parkway
Navarre FL, 32566
$4,490,000
Active
Commercial
Welcome to 8491 & 8465 Navarre Pkwy, the perfect destination for restaurant owners and developers looking to capitalize on the vibrant market in Navarre, FL.
NAI Pensacola is pleased to present an incredible opportunity to own a spectacular waterfront property with breathtaking views of Santa Rosa Sound, and Navarre Beach. This sprawling complex boasts both indoor and waterside dining areas providing a perfect blend of ambiance and tranquility. The beautifully built-out interior encompasses 5,512 square feet of upscale dining space, while an astonishing 8,204 square feet is dedicated to the enchanting waterfront seating areas.
Seller has written option to purchase the parcels directly to the east and west adjoining his property. The Option can be purchased in addition to his prope High-visibility location in the popular resort community of Navarre, FL., The restaurant is perfectly positioned along the busy Navarre retail trade and travel corridor and attracts a steady stream of tourists and locals alike. The picturesque surroundings and the vibrant atmosphere make it an irresistible destination location.
Active restaurant business that is walk-in ready, or perfect location for a redevelopment project
Surrounded by a dense population base, national retailers, restaurants, condominiums, and hotels
Two parcels combined to offer just over an acre of waterfront, on the Santa Rosa Sound (336 FT water-frontage)
2022 Updates
The Grillehouse
Extended the roof line adding more covered seating at GH. $ 9000
Added Drop ceiling in GH to lower HVAC costs. $11k
Interior of the Grillehouse was built out for a more functional layout
New HVAC installed in Grille House Kitchen 2022
Mango Mary's
The two-story stage area was renovated to include a bar, spiral staircase, and sundeck lounge area.
Added storage areas / retail shack / shed at the entrance.
Added a fully functioning 31' food trailer ($50k) with a 10' vent hood
Conex containers: the "expo" container sitting against the food trailer is outfitted with coolers and a freezer, heat lamps, etc., to act as the expo/server area for Mango Mary's food production Wood decks and walkways are all new.
Havana Bar
Conex/ container is 40' and is built out to house 2 bars. In the middle is a new walk-in cooler that holds kegs and 2 beer tap walls. Daiquiri machines are located here along with ice wells and bottle coolers. All plumbed with new plumbing and electricity
Fizzy Flamingo
The adjacent bar on the opposite side of Havana (but still inside the 40' Conex) is the Fizzy Flamingo. It comes equipped with a tap wall, coolers, ice wells, plumbing, etc. The final Conex is 20' and used for storage.
24 dump truck loads of new white sand, swings, a waterfront sitting deck with chairs, and misc. benches built out around the sitting area.
Extensive inventory of picnic-style seating, bar stools, reg tables, etc.
7 walk-in coolers, 2 walk-in freezers
Large $40k smoker in full working condition
All FF&E are available (Pier is not included)
Partnership Potential - The owner, a highly established restaurateur would consider some form of partnership in this restaurant with a well-qualified buyer
Franchise Potential - The owner would sell the property and business as a franchise
Redevelopment Opportunity with Assemblage- Interested Developers could contact the adjoining land owners for assemblage potential
Don't miss out on this amazing waterfront restaurant opportunity in Navarre!
931616
MLSⓇ ID
September 1, 2023
Listed
May 9, 2024
Updated
Map
8491 Navarre Parkway
Navarre FL, 32566
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.14 Acres
Other Property Details
Area Name
11 - Navarre/Gulf Breeze
Days on Market
202
Garage
No
View
No
County
Santa Rosa
Pool
No
Waterfront
Yes
Zoning
HCD
Listing History
Date | Event | Price |
---|---|---|
3/21/2024 | Price Change | $4,490,000 -11% |
2/7/2024 | Price Change | $4,999,995 -12% |
2/2/2024 | Price Change | $4,999,995 -12% |
11/15/2023 | Price Change | $5,650,000 -5% |
Courtesy of NAI Pensacola, Theresa G Davis,
Listing Contact: 850-380-6150
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Data last updated 1:27 PM UTC, 5/9/2024