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555 Scenic Hwy
Pensacola, FL 32503
Agapi Bistro and Garden · Retail Property For Sale

Investment Highlights

  • Turn Key Restaurant Business
  • Liquor License & FFand E
  • Owner Financing Potential
  • Full Service Restaurant with Indoor and Covered Out Door Dining
  • Value Add Opportunity (currently no lunch service offered)

Executive Summary

This is an incredible chance to take ownership of the thriving Agapi Bistro and Garden. The current owner desires to retire after a storied 60 year career in the restaurant sector. Agapi Bistro and Garden demonstrates consistent stable sales and an increasing cash flow.
Agapi Bistro encompasses a total of 2,865 square feet, thoughtfully designed to include dining areas, event spaces, a full bar (liquor license for on-site consumption), and a commercial kitchen complete with preparation zones and cooking stations. The property has undergone a complete renovation, featuring significant upgrades throughout.
Notable enhancements include the installation of a new roof in 2020, the addition of a 7.5-ton HVAC system in 2024, and the incorporation of both indoor and outdoor fans. Additionally, the parking lot has recently been seal-coated and re-striped. The building also boasts a convenient drive-thru window.
Full Service Restaurant Business
Owner Financing Potential for Qualified Buyer
Value Add Opportunity -Adding Hours
Liquor License
2024 Total Sale $1,372,000
FF&E Included
Chef will train throrugh transition if desired
Lease Rate $21.60 PSF NNN
Additionally, there is a significant value add opportunity. Currently, Agapi does not offer a lunch service and is closed on Sunday and Monday, by extending hours there is the opportunity to significantly enhance revenue.
The rear outdoor area is fully covered and features an exquisitely designed green space, creating a warm and inviting atmosphere, perfect for gatherings. This area is frequently utilized for private events, special occasions, wine tastings, and themed dinners, providing numerous additional tables to accommodate guests. The venue is equipped with outdoor cooking facilities, a wet counter, a champagne wall, a designated photo area, and a dance floor, all tailored for professionally catered special events.
Agapi boasts a vibrant wine club featuring more than 100 paid members. Currently, membership is capped, and there is a waiting list for those eager to join.
Agapi Bistro, a full-service restaurant is strategically located on busy Scenic Highway, ensuring excellent visibility for passersby’s complemented by ample parking and convenient access from two streets at its prime corner location of Scenic Highway and DeSoto Street.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,868 SF
Year Built/Renovated
1955/2023
Price
$2,222,512 CAD
Price Per SF
$774.93 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.39 AC
Zoning
R-NC - Low Density Residential
Parking
40 Spaces (13.95 Spaces per 1,000 SF Leased)
Frontage
60’ on Scenic Hwy

Amenities

  • Bus Line
  • Corner Lot
  • Courtyard
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Drive Thru
  • Wheelchair Accessible
  • Accent Lighting
  • Recessed Lighting
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
05-2S-29-5905-011-025
Land Assessment
$271,904 CAD
Improvements Assessment
$297,617 CAD
Total Assessment
$569,521 CAD
  • Listing ID: 33436457

  • Date on Market: 2024-10-07

  • Last Updated:

  • Address: 555 Scenic Hwy, Pensacola, FL 32503

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