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    3243 N Palafox St Molino, FL 32501

    Source: https://www.saltercompany.com
    For Sale
    $320,000

    Prime 0.66-acre lot, ideal for development.

    Property size:
    29,102 SF

    Description

    Added:
    Feb 17, 2025
    Days on Market:
    295
    This exceptional 0.66-acre parcel of land presents a compelling investment opportunity in Molino, Florida. Located at 3243 N Palafox St, zip code 32501, Escambia County, this property is zoned for Heavy Commercial/Light Industrial use (HC/LI), offering significant flexibility for a wide range of development projects. The expansive lot is ready for immediate development, making it an attractive prospect for owner-users, developers, or investors seeking a strategic location with excellent accessibility. Priced at $320,000, this land offers substantial potential for growth and return on investment. The HC/LI zoning allows for diverse commercial or light industrial uses, catering to a broad spectrum of business needs. Its prime location within a developing area ensures strong future prospects. This is a rare opportunity to acquire a sizable, well-situated lot in a thriving market. Serious inquiries are encouraged to explore the full potential of this exceptional property. Further details regarding the exact location are available upon request.

    Property Features for 3243 N Palafox St

    General Information

    Property type
    Other land
    Square Feet
    29,102 SF
    Price / Square Foot
    $10
    Elevators
    N/A
    Lot Size
    29,185 SF

    HighLights

    • 0.66 acres of HC/LI zoned land ready for development.
    • $320,000 asking price for this prime commercial/industrial lot.
    • Excellent location offering great accessibility and development potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Molino
    State
    Florida
    Longitude
    -87.228701
    Latitude
    30.446013

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    FAQs

    What type of property is this?
    Land - Prime 0.66-acre lot, ideal for development.
    Where is this land located?
    The property is located at 3243 N Palafox St Molino, FL.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 0.66 acres of HC/LI zoned land ready for development.; $320,000 asking price for this prime commercial/industrial lot.; Excellent location offering great accessibility and development potential.
    (225) 931-3200
    Request Owner's contact information
    3243 N Palafox St Molino, FL 32501
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    Molino, FL 32501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3243 N Palafox St Molino, FL 32501
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