10171 N Palafox StPensacola, FL 32534

Two adjacent commercial lots were combined to form a 2.50-acre property located on the busy Pensacola Boulevard. This prime location boasts a high daily traffic volume of 32,066 vehicles on Pensacola Boulevard (Hwy 29) and 10,000 vehicles on Palafox, ensuring excellent visibility and accessibility for any business. The property includes five buildings that have been utilized for residential rentals with the commercial building on Hwy 29 leased out to a well-known antique store tenant for several years.

Highest and best use for property for the site is redevelopment use. Situated within a bustling mixed-use commercial area, this property is enveloped by a vibrant community. It presents an ideal opportunity for a developer with all utilities readily available, beautiful majestic oaks, 5 septics, multiple electrical panels, and dual street access. Zoning allows for 25 units per acre, providing great potential for a multi-family developer in an under served rental market.

Surrounded by industrial and trade experts this is a great location for an industrial complex with close proximity to Interstate 10. The location is perfectly situated for efficient transportation connections throughout the southeastern United States.

The retail store (antique shop) on Pensacola Blvd is leased thru 12/2026 at a rate of $3,000 per month.

The remainder of the buildings are on month to month leases.

Cottage- $1,100 per month

Double Wide Trailer $1,500 per month