Historic Lounge & Package Store

$23

186 N Palafox Street, Pensacola, FL 32502

For Sale

Retail Free Standing

Active

Last Updated: 01/22/2024

Details:

Building Size: 3,013 sqft

Lot Area: 0.761 acres

Units: 1

Year Built: 1971

Floors: 1

Offered by

Michael Carro

Investment Sales Broker

SVN | Southland

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Highlights:

Potential mixed-use Development or Hotel up to 9 stories
Iconic Beach Bar with Reported Sales $1.6M
Home of the Famous "Bushwacker"
Great access with 33 parking space on site, and 47 non-exclusive spaces in
adjacent parking lot

Description:

Successful, well known iconic bar and lounge with a long-standing, rich history.
50+ years in operation, establishment has a loyal following during both on
and off seasons. 60/40 Liquor to Beer ratio. 73% sales margin on alcohol sales.
Great Visibility. Indoor and outdoor seating.
Development Opportunity:
Can support vertical development accommodating 30-50 units
per acre. Ability to develop at least 9 stories dependent on max coverage.
*Real Estate, Assets, and 4COP Quota Liquor License ALL INCLUDED IN SALE PRICE*
NOT THE ACTUAL LOCATION - The address is for the brokerage firm.

Directly next to South Harbour Hotel