Historic Office
New
For Lease
$24 SF/Yr
198 N Palafox Street, Pensacola, FL 32502
Upstairs office space with exposed brick, private offices, open work areas, and a private elevator.
Space Size6,800 SF
Days on Market5
Property Features for 198 N Palafox Street
General Information
Standard status
Active
Size
6,800 SF
Class
A
Elevators
Yes
Property subtype
Office
Lease Term
NNN
Space & Availability
Space Use
Office
Meeting Rooms
1
Amenities
exposed brick walls
high ceilings
abundant natural light
private offices
kitchen/break area
restrooms
Building Details
Building Size
6,800 SF
Year Built
1912
Construction
brick
Spaces For Lease
at 198 N Palafox Street Contact us- Size
- 6,800 SF
- Type
- Office Building
- Term
- 60 months
198 N Palafox Street $24/SF/Yr
Listing Agency:
SVN | Southland Commercial Real Estate
Listed By:
Michael Carro, CCIM · License #FL #BK3179263
(850) 380-3344
Source:
Southlandcommercial
Added: Sep 5
Last Checked: Sep 9 at 6:57AM
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 SVN | Southland Commercial Real Estate
Investment Insights
Based on property information with market context.
This upstairs office loft combines historic building character with a flexible commercial layout. The approximately 6,700 SF interior includes private offices, open work areas, a glass-enclosed conference room, kitchen and break space, and restrooms. Exposed brick, 12-foot ceilings, and abundant natural light add distinctive architectural features, while the private elevator provides direct access to the space. The floor plan can be adapted to accommodate multiple office configurations.
Built in 1912, the property is positioned at Palafox and Gregory Streets in downtown Pensacola. Its setting and interior design support a range of professional office arrangements while retaining the character of the historic structure.
Built in 1912, the property is positioned at Palafox and Gregory Streets in downtown Pensacola. Its setting and interior design support a range of professional office arrangements while retaining the character of the historic structure.
Key Highlights
- Approximately 6,700 SF of upstairs office space
- 12‑foot ceilings with abundant natural light
- Exposed brick walls and historic architectural character
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,934
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Pensacola, FL
$60 /SF/Yr
Avg Asking Price
$8.09–$200 /SF/Yr
Price Range
4,491 SF
Avg Space Size
This space is priced 60% below the average of $60 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Upstairs office space with exposed brick, private offices, open work areas, and a private elevator.
Where is this office units located?
The property is located at 198 N Palafox Street Pensacola, FL.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Approximately 6,700 SF of upstairs office space; 12‑foot ceilings with abundant natural light; Exposed brick walls and historic architectural character
