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815 South Palafox St Pensacola, FL 32505

For Sale
$9,700,000

Iconic 21,720 SF waterfront property in downtown Pensacola.

Property size:
21,720 SF

Property Features for 815 South Palafox St

General Information

Size
21,720 SF

Building Details

Year built
1999

Source: Patrick Jones, SIOR Agent Patrick Jones, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Pensacola Palafox Street Investment Opportunity

The Palafox Icehouse, a three-story property located along the waterfront in downtown Pensacola's entertainment and business district, presents a rare investment opportunity. This property combines industrial character with a location along one of the city's sought-after corridors, surrounded by restaurants, retail, entertainment, and residential developments. The property is currently leased to two long-term finance and legal tenants with over 15 years of occupancy, with approximately 36 months remaining on existing leases. The property is located on South Palafox in the heart of the city, offering excellent visibility with strong foot traffic and a professional presence. The 21,720 square foot space is suitable for office, retail, or professional services. The location in a thriving Gulf Coast market with continued growth and a prestigious South Palafox address enhances tenant appeal. The Phillips Portfolio represents an opportunity to invest in one of America's growth markets. The Portfolio includes an inventory of 42 high-value assets across Northwest Florida, including residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities, the Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons.
Location Intelligence

Current Use by Public Records

Merrill Lynch Financial ... Financial Planner Merrill Lynch Wealth ... Financial Planner Merrill Lynch Financial ... Financial Planner Merrill Lynch Wealth ... Financial Consultant Merrill Lynch Financial ... Financial Planner

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
County
Escambia
State
Florida
Longitude
-87.2136131
Latitude
30.4037195

FAQs

What type of property is this?
Office building - Iconic 21,720 SF waterfront property in downtown Pensacola.
Where is this office building located?
The property is located at 815 South Palafox St Pensacola, FL.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: - Prime downtown Pensacola waterfront location in the heart of the entertainment and business district.; - Income-producing property with long-term tenants (finance and legal) and existing leases.; - High visibility with strong foot traffic and a professional presence on South Palafox.
More about this property
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