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

March 21, 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 7:51 PM UTC, 3/21/2024

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