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    715 S Palafox St Pensacola, FL 32502

    Source: https://www.saltercompany.com
    For Lease
    $25 SF/Yr ($11,945 /Mo)

    Prime waterfront office, parking included.

    Lot size:
    5,734 SF

    Description

    Added:
    Mar 17, 2025
    Days on Market:
    273
    This exceptional 5,734 square foot office space at 715 S Palafox St, Pensacola, FL 32502, offers immediate occupancy. Located in downtown Pensacola's vibrant waterfront district, this two-story building boasts excellent condition and is ready for immediate use. Previously used as law offices, the space includes a dedicated conference area. Ample parking is available, with up to 32 spaces potentially available subject to owner approval. This includes a combination of reserved spaces (up to 12) and open spaces (up to 20) in a landlord-owned lot directly across the street, at no cost to the tenant. Additional parking is also available on the street. The exact number of parking spaces and their allocation will be detailed and negotiated within the lease agreement. A deck overlooking Palafox Marina is also a key feature. Furthermore, the use of one-half of a dock may be considered, contingent upon acceptable releases and lease terms. Subleasing is permitted with owner approval. The lease is a NNN lease with a minimum term of 5 years, and the annual rate is $25 per square foot.

    Property Features for 715 S Palafox St

    General Information

    Property type
    Coworking space
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    5,734 SF
    USF (Usable sq. ft)
    5,734 SF
    Class
    B
    Total Parking Spaces
    32
    Elevators
    N/A
    Total Rate
    11945.83
    Lease Term
    5+ Years

    Building Details

    Year Built/Renovated
    1945/1980
    Buildings
    1
    Stories
    2

    HighLights

    • 5,734 sq ft of executive suites and coworking space in downtown Pensacola.
    • Waterfront location on Palafox Street with a deck overlooking Palafox Marina.
    • Includes up to 32 parking spaces, with reserved options available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.276945
    Latitude
    30.540265

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    FAQs

    What type of property is this?
    Coworking space - Prime waterfront office, parking included.
    Where is this coworking space located?
    The property is located at 715 S Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 5,734 sq ft of executive suites and coworking space in downtown Pensacola.; Waterfront location on Palafox Street with a deck overlooking Palafox Marina.; Includes up to 32 parking spaces, with reserved options available.
    (850) 712-4742
    Request Owner's contact information
    715 S Palafox St Pensacola, FL 32502
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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
    715 S Palafox St Pensacola, FL 32502
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