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    1301 N Palafox St Pensacola, FL 32501

    Source: https://www.saltercompany.com
    For Lease
    $29 SF/Yr

    Historic North Hill, Flexible Suites Available

    Lot size:
    17,769 SF

    Description

    Added:
    Mar 16, 2025
    Days on Market:
    267
    This stunning, redeveloped historic office building in Pensacola's North Hill neighborhood offers 5,000 to 17,769 square feet of premium office space for lease on the first floor. Located on North Palafox Street, it serves as a prominent gateway to downtown Pensacola, occupying nearly an entire city block on a 2.77-acre site. The building, totaling 45,955 square feet, boasts significant recent capital improvements by the owner, who is also offering attractive tenant improvement allowances for qualified tenants. The space features elevator access and benefits from professional management and maintenance. Its convenient location provides easy access to I-110 and the heart of downtown Pensacola. The lease is a full-service agreement with an annual rate of $29.50 per square foot. This is a rare opportunity to secure exceptional office space in a revitalized historic building. Inquire today to learn more about available suite sizes and tenant improvement options.

    Property Features for 1301 N Palafox St

    General Information

    Property type
    Other office properties
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    17,769 SF
    USF (Usable sq. ft)
    17,769 SF
    Class
    B
    Elevators
    N/A
    Total Rate
    43682.13

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • 17,769 square feet of first‑floor office space available for lease in a historic Pensacola building.
    • Located in the North Hill area, offering easy access to I‑110 and downtown Pensacola.
    • Features elevator access and substantial tenant improvement allowances are available.
    Insight Report Location Intelligence

    Current Use by Public Records

    CenterWell Home Health ... Home Health Care Service

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    -87.21912
    Latitude
    30.426427

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    FAQs

    What type of property is this?
    Office property - Historic North Hill, Flexible Suites Available
    Where is this office property located?
    The property is located at 1301 N Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 17,769 square feet of first-floor office space available for lease in a historic Pensacola building.; Located in the North Hill area, offering easy access to I-110 and downtown Pensacola.; Features elevator access and substantial tenant improvement allowances are available.
    (850) 477-7044
    Request Owner's contact information
    1301 N Palafox St Pensacola, 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
    1301 N Palafox St Pensacola, FL 32501
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