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    1301 N Palafox St Pensacola, FL 32501

    Source: https://www.saltercompany.com
    For Lease
    $29 SF/Yr ($6,145 /Mo)

    Downtown Pensacola office, 2,500 sq ft, full-service lease.

    Lot size:
    2,500 SF

    Description

    Added:
    Mar 16, 2025
    Days on Market:
    267
    This exceptional 2,500-square-foot office space is located in Pensacola's historic North Hill district, on North Palafox Street—the northern gateway to the city's vibrant downtown. Part of a larger 45,955-square-foot building situated on a 2.77-acre lot, this space offers a prominent location within a nearly full-block property. Recent ownership changes have resulted in significant capital improvements throughout the building. The property boasts convenient amenities including elevator access, secured entry, and a 3.0:1,000 parking ratio. Qualified tenants will benefit from aggressive tenant improvement allowances. The building is professionally managed and enjoys a highly desirable location, offering easy access to I-110 and the heart of downtown Pensacola. This full-service lease presents a unique opportunity for businesses seeking a prestigious and well-maintained office space in a thriving urban setting. While this listing focuses on a 2,500 sq ft space, additional space ranging from 5,000 to 19,000 sq ft is also available within the building. The annual lease rate is $29.50 per square foot.

    Property Features for 1301 N Palafox St

    General Information

    Property type
    Other office properties
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    2,500 SF
    USF (Usable sq. ft)
    2,500 SF
    Class
    B
    Elevators
    N/A
    Total Rate
    6145.83

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • Prime 2,500 sq ft office space in historic Pensacola's North Hill.
    • Building features elevator access, secured entry, and ample parking (3.0:1,000).
    • New ownership offers aggressive tenant improvement allowances & completed capital improvements.
    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, 2,500 sq ft, full-service lease.
    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: Prime 2,500 sq ft office space in historic Pensacola's North Hill.; Building features elevator access, secured entry, and ample parking (3.0:1,000).; New ownership offers aggressive tenant improvement allowances & completed capital improvements.
    (850) 477-7044
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    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

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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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