2200 N Palafox St Pensacola, FL 32501

This exceptional 17,040-square-foot freestanding building, located at 2200 N Palafox St, Pensacola, FL 32501, presents a unique investment opportunity. Completely renovated in 2022, this former medical facility boasts new floors, drywall, electrical systems, doors, LED lighting, plumbing fixtures, and a state-of-the-art HVAC system. Ten new showers have been installed, along with flood barriers and fire sprinklers, ensuring both safety and functionality. The current configuration includes 40 private rooms, residential lounges, 8 offices, 14 bathrooms, 10 shower rooms, a laundry room, a classroom, and a large dining area complete with a commercial kitchen. The layout's flexibility allows for easy adaptation to various uses, including multi-tenant office space, group homes, or non-profit residential facilities. Multiple restrooms and exterior entrances facilitate division into separate units. The property sits on a 1.36-acre lot zoned C-3, fully fenced with rear gate access and rail access. An additional 0.90 acres are available for expansion through negotiation of adjoining lots (Parcel IDs: 000S009010007129 and 000S009010014129). The property features robust 3-phase, 800 AMP power service. Currently leased, the tenant will vacate with 30 days' notice. The property is offered for sale at $2,460,000 or lease at $13.50 per square foot base rent, with NNN estimated at $4.00 per square foot.