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    1301 N Palafox St Pensacola, FL 32501

    Source: https://www.saltercompany.com
    For Lease
    $29 SF/Yr ($10,548 /Mo)

    Downtown Pensacola office suite, 4,291 sq ft.

    Lot size:
    4,291 SF

    Description

    Added:
    Mar 16, 2025
    Days on Market:
    267
    This exceptional 4,291 square foot office suite is located on the second floor of a prestigious building in Pensacola's historic North Hill district, situated on North Palafox Street, the main thoroughfare leading into the city center. The building, part of a larger 45,955 square foot complex spanning nearly an entire city block on 2.77 acres, has recently undergone significant capital improvements under new ownership. This full-service lease offers a competitive annual rate of $29.50 per square foot. The property boasts convenient amenities including elevator access, secured entry, and ample parking (3.0 spaces per 1,000 square feet). Its prime location provides easy access to Interstate 110 and the heart of downtown Pensacola. Qualified tenants will benefit from attractive tenant improvement allowances. The building is professionally managed, ensuring a seamless and efficient work environment. This is a unique opportunity to secure high-quality office space in a thriving and historic area. Available space ranges from 5,000 to 19,000 square feet.

    Property Features for 1301 N Palafox St

    General Information

    Property type
    Other office properties
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    4,291 SF
    USF (Usable sq. ft)
    4,291 SF
    Class
    B
    Elevators
    N/A
    Total Rate
    10548.71

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • 4,291 sq ft of office space available for lease in Pensacola's historic North Hill.
    • Located on N Palafox St, offering easy access to I‑110 and downtown.
    • Building features elevator access, secured entry, and ample parking (3.0:1,000).
    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 - Downtown Pensacola office suite, 4,291 sq ft.
    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: 4,291 sq ft of office space available for lease in Pensacola's historic North Hill.; Located on N Palafox St, offering easy access to I-110 and downtown.; Building features elevator access, secured entry, and ample parking (3.0:1,000).
    (850) 477-7044
    Request Owner's contact information
    1301 N Palafox St Pensacola, FL 32501
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    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

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    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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