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Downtown Retail Storefront
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121 S Palafox St, Pensacola, FL 32502

Retail space at 121 S Palafox St in Pensacola’s shopping and dining district.

Property SizeContact for details
Days on Market143

Property Features for 121 S Palafox St

General Information

Standard status Active
Property subtype Retail
Listing Agency: Stirling Daphne
Listed By: Will Barrois · License #AL 000117974
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 2:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stirling Daphne

Investment Insights

Based on property information with market context.

The property is a retail storefront at 121 S Palafox St in downtown Pensacola, positioned within the city’s shopping and dining district. The surrounding area includes retailers, boutique clothing shops, home-goods stores, craft breweries, restaurants, entertainment venues, and historic destinations.

Pensacola Naval Air Station is minutes away and employs more than 16,000 military personnel and 7,400 civilians. The property is also within reach of Pensacola International Airport, which serves 2,731,604 passengers annually, while beaches across the bay draw 2.5 million visitors each year. Downtown amenities include a 10,000-seat arena and an AA minor league baseball team.

Key Highlights

  • Retail storefront at 121 S Palafox St, Pensacola, FL 32502
  • Located in downtown Pensacola’s shopping and dining district
  • Surrounded by retailers, restaurants, craft breweries, and entertainment venues

Property Analytics

Current Use

App Innovators (Bike/Boat/Book/etc) Store WFBD-BlabTV Film Production The 5 Barrel Production Facility Ticor Title Insurance Title Company Birds & Buds Plantable ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Florist Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,934
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 53% Hotels & Casinos 47%
Holiday Inn Express Pensacola Downtown Hotels & Casinos
4,565 visits/mo 0.1 miles
Regions Bank Shops & Services
3,554 visits/mo 0.4 miles
Truist Shops & Services
1,610 visits/mo 0.3 miles

Demographics for 32502, FL

4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Retail space at 121 S Palafox St in Pensacola’s shopping and dining district.
Where is this storefront property located?
The property is located at 121 S Palafox St Pensacola, FL.
What are key features of this property?
This property features: Retail storefront at 121 S Palafox St, Pensacola, FL 32502; Located in downtown Pensacola’s shopping and dining district; Surrounded by retailers, restaurants, craft breweries, and entertainment venues
More about this property
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