Pensacola Palafox Street Investment
815 South Palafox St., Pensacola, FL 32505
Iconic 21,720 SF waterfront property in downtown Pensacola.
Type:Office
Property size:
21,720 SFPrice / SF:
$446/SF- Added:
- Nov 21, 2025
- Days on Market:
- 192
- Last Refresh:
- May 9 at 12:02 am
Property Features for 815 South Palafox St.
General Information
- Standard status
- Active
- Size
- 21,720 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agent Patrick Jones, SIOR License ##SL3610747 (850) 814-5878
Listing office NAI TALCOR (850) 814-5878
Listing date Nov 21, 2025
Source Naiglobal
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All listing content including descriptions, pricing, images are the copyrighted material of NAI TALCOR
HighLights
- 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.
- Flexible space suitable for office, retail, or professional services.
- Located in a thriving Gulf Coast market with continued growth.
- Iconic property blending rich industrial character with modern appeal.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Merrill Lynch Financial ...
Financial Advisor
Merrill Lynch Wealth ...
Financial Advisor
Merrill Lynch Financial ...
Financial Advisor
Merrill Lynch Wealth ...
Financial Advisor
Merrill Lynch Financial ...
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2136
- Latitude
- 30.4037
Nearby Similar for Sale
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.
