216 Palafox StPensacola, FL 32502

Property Details for 216 Palafox St

Lot size

0.13 AC

Property size (Sq ft)

4,311 SF

Property type

Office properties

Description

This exceptional investment opportunity presents two Class A office buildings totaling 4,311 square feet situated on a 0.13-acre lot in the heart of Pensacola's vibrant downtown business district at 216 & 220 S Palafox St. The property is zoned C-2A and offers a compelling blend of historic charm and modern functionality. One building, encompassing 1,500 square feet, showcases exposed brick and high ceilings, while the second, a spacious 2,811 square feet, provides ample room for expansion or multiple tenants. Both single-story buildings share a convenient parking lot. The asking price is $2,150,000, translating to $498.72 per square foot. The lease commencement date is July 5th, 2024, and expires July 5th, 2025. Occupancy is available September 2nd, 2024. This property is ideal for investors seeking a strong return in a thriving downtown location. The combined space offers significant potential for a variety of businesses seeking a prestigious address in Pensacola's bustling commercial center. The strategic location along historic Palafox Street ensures high visibility and accessibility. This is a rare opportunity to acquire two prime office buildings in a highly sought-after area.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4097

Longitude

-87.2147

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