2200 N Palafox St Pensacola, FL 32501

This exceptional 17,040-square-foot freestanding building is situated on a 1.36-acre lot zoned C-3 in Pensacola, Florida, at 2200 N Palafox St, 32501. Completely renovated in 2022, the property boasts new floors, drywall, electrical systems, doors, LED lighting, plumbing fixtures, ten showers, HVAC, flood barriers, and fire sprinklers. The current configuration includes 40 private rooms, residential lounges, eight offices, fourteen bathrooms, ten shower rooms, a laundry room, a classroom, and a large dining area with a commercial kitchen. Multiple restrooms and exterior entrances facilitate multi-tenant occupancy. The building's layout is well-suited for various uses, including group homes or non-profit residential facilities. The property features a 3-phase, 800-amp electrical service. The current tenant will vacate with 30 days' notice. The asking price is $2,460,000. Lease terms are $13.50 per square foot base rent, with estimated NNN charges of $4.00 per square foot. The property includes rail access and is fenced with gated rear access. Adjacent lots totaling 0.90 acres are available for purchase, expanding the property's potential. Parcel IDs for the adjacent lots are 000S009010007129 (0.36 acres) and 000S009010014129 (0.53 acres), both zoned C-3.