Building Details

Year Built 2003

Buildings 1

Stories 4

Listing Agency: p***@saltercompany.com Show Phone

Listed By: Paul Show Phone

Added: Mar 13, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This exceptional Class A office space, totaling 2,648 square feet, is located on the second floor at 850 S Palafox Street, Suite 201, in Pensacola, Florida. The space features views of Pensacola Bay and Palafox Harbor Marina from a private balcony. The location provides walkability to downtown Pensacola's government offices, businesses, retail shops, and restaurants. Exterior signage opportunities are available. Surface-level parking is included at no extra cost. This NNN lease has a yearly rate of $30 per square foot. The suite is adjacent to Jaco's on Palafox Pier. It is suitable for businesses seeking a functional office environment with access to city amenities.

Property Analytics

Property Profile

Current Use

Hard Money Lenders ... Loan Service Timko, T Todd ... Dental Office Gulf Coast Oral-Maxillofacial Dental Office Southeast Sleep & Wellness ... Medical Clinic John E Huber ... Financial Advisor

Suggested Use

Top Pick Auto Parts Store Locksmith Storage Facility (Bike/Boat/Book/etc) Store Dental Office Florist

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,702

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

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office property - 2,648 SF Office For Lease - 850 S Palafox, Floor 2nd , Suite 201

Where is this office property located?

The property is located at 850 S Palafox St Pensacola, FL.

What is the lease rate?

The lease rate is $30 SF/Yr.