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Three-Level Rooftop Restaurant
For Sale
Contact for pricing

28 N Palafox St, Pensacola, FL 32502

Recently renovated dining spaces include a rooftop bar, restaurant equipment, and an attached apartment.

Property SizeContact for details
Days on Market144

Property Features for 28 N Palafox St

General Information

Standard status Active
Property subtype Retail, Office

Property Condition

Severity Repairs Needed
Evidence the roof membrane needed to be replaced

Restaurant

Commercial Hood Yes
Grease Trap Yes
Equipment Included Yes

Additional Details

Furnished Yes
Road Access Yes

Building Details

Buildings 1
Listing Agency: SVN | SouthLand Commercial Pensacola
Listed By: Michael Carro · License #AL 000093777
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 2:51AM

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 Pensacola

Investment Insights

Based on property information with market context.

This conventional restaurant property spans three dining levels, each renovated in 2013, with a rooftop bar and dining area overlooking Downtown Pensacola. The building includes restaurant fixtures, a hood system, grease trap, walk-in coolers, fryers, grill, oven, smallwares, bar equipment, and furniture as part of the conveying FF&E package. An 836 +/- SF apartment is also included. The roof membrane is currently being replaced, while the apartment requires additional work.

Located at 28 N Palafox St in the core of Downtown Pensacola, the property combines street-facing retail frontage with a New Orleans-style exterior. Palafox Street hosts Gallery Night celebrations, weekly festivals and art shows, and a farmers market, with Gallery Night attendance exceeding 12,000 people.

Key Highlights

  • Three dining levels, each renovated in 2013
  • Rooftop bar and dining area with Downtown Pensacola views
  • Full restaurant FF&E package conveys, including kitchen and bar equipment

Property Analytics

Current Use

Anesthesia Management Solutions Medical Group

Suggested Use

Top Pick Auto Parts Store Storage Facility Auto Repair Shop Dental Office Grocery & Convenience Store Daycare Center

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

Lease Details

Yes
Paved road access
Yes
Commercial hood
Yes
Grease trap

Location Intelligence

Trade Area within ½ mile

3,344
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 48% Hotels & Casinos 31% Shops & Services 22%
Carrabba's Italian Grill Dining
11,365 visits/mo 0.5 miles
Holiday Inn Express Pensacola Downtown Hotels & Casinos
4,565 visits/mo 0.5 miles
Regions Bank Shops & Services
3,554 visits/mo 0.2 miles
Days Inn Pensacola - Historic Downtown Hotels & Casinos
2,776 visits/mo 0.5 miles
Truist Shops & Services
1,610 visits/mo 0.2 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?
Conventional restaurant - Recently renovated dining spaces include a rooftop bar, restaurant equipment, and an attached apartment.
Where is this conventional restaurant located?
The property is located at 28 N Palafox St Pensacola, FL.
What are key features of this property?
This property features: Three dining levels, each renovated in 2013; Rooftop bar and dining area with Downtown Pensacola views; Full restaurant FF&E package conveys, including kitchen and bar equipment
(850) 434-7500 Call to check price and availability
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