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8491 Navarre Parkway, Navarre, FL 32566
$4,490,000
8491 Navarre Parkway, Navarre, FL 32566View this property at 8491 Navarre Parkway, Navarre, FL 32566
8491 Navarre ParkwayNavarreFL32566
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Property Description
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!
Full Property Details
Full Property Details for 8491 Navarre Pkwy
General
- Price: $4,490,000
- Status: Active
- Type: Commercial
- MLS ID: 931616
- Updated: 5/28/2024
- Added to Site: 266 day(s) ago
Location
- Area: 11 - Navarre/Gulf Breeze
- County: Santa Rosa
- Driving Directions: Headed West on Navarre Pkwy the subject property will be on the R, just before the Navarre Beach bridge.
Lot Features
- Lot Size (Acres): 1.14
- Lot Dimensions: 334 x 155 x 150 x 336
- Lot Depth: 155
- Zoning: HCD
Water Features
- Water Front Type: Sound
Disclosures and Reports
- Legal Description: In file and marketing
- APN: 20-2S-26-0000-00400-0000
Listed by NAI Pensacola
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Schools
Schools serving 8491 Navarre Pkwy
School District:Santa Rosa Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1936 Navarre School Rd, Navarre, FL 32566 | 3-5 | 1.2 mi | |
Holley-Navarre Primary School
8019 Escola St, Navarre, FL 32566 | K-2 | 1.2 mi | |
1976 Williams Creek Dr, Navarre, FL 32566 | 6-8 | 1.3 mi | |
8600 High School Blvd, Navarre, FL 32566 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8491 Navarre Pkwy
Date
Details
Price
Change
Source
3/21/2024
Price Reduced
$4,490,000
-10.2%
MLS
2/02/2024
Price Reduced
$4,999,995
-11.5%
MLS
11/15/2023
Price Reduced
$5,650,000
-4.24%
MLS
9/05/2023
Listed
$5,900,000
70.52%
MLS
12/15/2022
Sold
$3,460,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8491 Navarre Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$18,604
47%
$1,379,596
62%
2021
$12,614
-7%
$850,916
-11%
2022
$13,551
7%
$958,437
14%
2021
$12,614
—
$840,668
3%
2018
$12,556
-2%
$818,859
-4%
2019
$12,771
-1%
$850,501
3%
2017
$12,914
12%
$828,691
4%
2016
$11,494
-2%
$797,049
—
2015
$11,784
-7%
$797,049
-6%
2014
$12,673
23%
$848,357
21%
2013
$10,285
—
$703,985
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8491 Navarre Pkwy
8491 Navarre Parkway, Navarre, FL 32566 (MLS# 931616) is a Commercial property. 8491 Navarre Parkway is currently listed for $4,490,000 and was received on September 05, 2023. Want to learn more about 8491 Navarre Parkway? Do you have questions about finding other Commercial real estate for sale in Navarre? You can browse all Navarre real estate or contact a Coldwell Banker agent to request more information.