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    5705 N Palafox St Pensacola, FL 32503

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $2,800 /Mo ($51 SF/Yr)

    High-traffic corner lot, updated building.

    Lot size:
    650 SF

    Description

    Added:
    Mar 7, 2025
    Days on Market:
    305
    This exceptional 650-square-foot commercial property is ideally situated at the corner of Boone Street and Old Palafox Street, bordering Car City in Pensacola, Florida (zip code 32503). Benefit from its high-visibility location directly across from a Whataburger drive-thru, sharing a parcel with a Hertz Rental Car Office. The building itself has undergone a complete renovation, boasting fresh paint throughout, new flooring, and a modernized bathroom. The interior layout includes a welcoming lobby and two private offices, perfect for a variety of automotive-related businesses. Exterior improvements include fresh paint and a recently restored wheelchair ramp, ensuring accessibility. For added convenience, a small storage shed is located in the rear of the property. The lease is a NNN lease with a monthly rate of $2800. This turnkey property presents a fantastic opportunity for businesses seeking a prominent location in a thriving automotive hub. The property is zoned for retail use.

    Property Features for 5705 N Palafox St

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    650 SF
    USF (Usable sq. ft)
    650 SF
    Elevators
    N/A
    Total Rate
    2800

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Pensacola location near Whataburger & Hertz.
    • Recently renovated with new paint, flooring, and bathroom.
    • Features 650 sq ft, private offices, and storage shed.
    Location Intelligence

    Current Use by Public Records

    Bayside Auto Mart ... Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.178441
    Latitude
    30.426783

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    FAQs

    What type of property is this?
    Other retail property - High-traffic corner lot, updated building.
    Where is this other retail property located?
    The property is located at 5705 N Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $51 SF/Yr.
    What are key features of this property?
    This property features: Prime Pensacola location near Whataburger & Hertz.; Recently renovated with new paint, flooring, and bathroom.; Features 650 sq ft, private offices, and storage shed.
    (850) 972-8511
    Request Owner's contact information
    5705 N Palafox St Pensacola, FL 32503
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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
    5705 N Palafox St Pensacola, FL 32503
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