5725 Palafox St Pensacola, FL 32503

This exceptional mixed-use property at 5725 N Palafox St, Pensacola, FL 32503, presents a compelling investment opportunity. The 0.48-acre lot houses a 10,116 square foot building, constructed in 1940, featuring a unique blend of retail and residential space. The building comprises two stories and offers 3,841 square feet of net rentable area. Currently zoned COM, this property offers significant upside potential for investors and developers. The asking price is $205,000, translating to $54.93 per square foot. Previously occupied by Adam's Pawn Shop, the property's adaptable layout allows for various strategic approaches, including renovation for rental or resale, or complete redevelopment. The single-tenancy structure simplifies management, and the motivated seller ensures a streamlined acquisition process. This is a rare chance to acquire a well-located mixed-use asset in Pensacola with substantial potential for value appreciation. The property's history and current condition provide a solid foundation for a variety of investment strategies, making it an attractive option for those seeking a low entry point with significant long-term growth prospects. The property's location in Escambia County offers convenient access to local amenities and transportation networks.