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Pensacola Office Building Investment Opportunity
For Sale
$1,290,000

890 PALAFOX ST S, Pensacola, FL 32502

64,047 SF Office Building (two units) For Sale

Property Size64,047 SF
Lot Size0.85 Acres
Price / SF$20.14
Days on Market577

Property Features for 890 PALAFOX ST S

General Information

Standard status Active
Property type Other office properties, Office buildings, Office Units, Office Spaces
Size 64,047 SF
Net Rentable 44,000 SF
Elevators N/A
Lot size 0.85 Acres

Building Details

Year Built 2003
Buildings 2
Stories 3
Units 2
Listed By: Paul Salter
Added: Feb 2, 2025 Changed: Mar 16

Investment Insights

Based on property information with market context.

This 64,047 square foot office building is located in downtown Pensacola, Florida. Constructed in 2003, the meticulously maintained property features a modern and professional aesthetic. The building contains two units and sits on a 0.85-acre lot, offering a net usable area of 44,000 square feet. The property has a history of 100% occupancy, demonstrating a stable and reliable income stream. Its commercial zoning makes this a potentially lucrative investment.

Property Analytics

Current Use

Pashia Groom, Ph.D. Physician Innovative Open MRI ... Medical Clinic Pensacola Military Housing Real Estate Agency Cris Jagar Physician Leif Sternung Physician

Suggested Use

Top Pick Auto Parts Store Locksmith Storage Facility (Bike/Boat/Book/etc) Store Dental Office Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,702
Businesses Nearby

Demographics for 32502, FL

4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office property - 64,047 SF Office Building (two units) For Sale
Where is this office property located?
The property is located at 890 PALAFOX ST S Pensacola, FL.
What is the asking price?
The asking price for this property is $1,290,000.
More about this property
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