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    2 Palafox St Pensacola, FL 32502

    Sponsored
    For Lease
    $35 SF/Yr

    Prime Retail & Office Space Available

    Lot size:
    29,917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A property, located at 2 N Palafox St in Pensacola, FL (32502), offers 29,917 square feet of retail and office space within a single, two-story building. Currently undergoing renovations, this landmark building sits at the corner of Palafox and Garden Streets, providing unparalleled visibility and accessibility. The available space includes approximately 12,491 square feet of vacant space, with 12,419 square feet of street-level retail space and 4,529 square feet of second-floor office space. The building is situated in the heart of the burgeoning East Garden District, a vibrant mixed-use development featuring retail, restaurants, a boutique hotel, residential units, and more. This location offers high-impact exposure within a rapidly growing area, making it an ideal opportunity for businesses seeking a prominent presence in Downtown Pensacola. The property's multiple tenancy options allow for flexibility in space configuration, catering to a variety of business needs. The property's APN is 000S009007009054, and it's located in Escambia County. This is a rare opportunity to secure a prime location in a thriving downtown district. The building is classified as Traditional, Executive, and Creative Office space, as well as Street Retail and Restaurant space, and is a freestanding building.

    Property Features for 2 Palafox St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,917 SF
    Class
    A
    Total Rate
    87257.92

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor
    Size
    12,491 SF
    Rate per SF
    $35
    Space
    2nd Floor
    Size
    4,529 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Intelligent Retinal Imaging ... Medical Diagnostic Imaging Center LOCALiQ Marketing Agency Pensacola News Journal Newspaper Publisher Pensacola Administrative Services Home Health Care Service Vinyl Music Hall Live Music Venue

    Suggested Use

    Restaurant Dental Office Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.21496642
    Latitude
    30.41312893

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail & Office Space Available
    Where is this individual retail property located?
    The property is located at 2 Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $0.00-$35 SF/Yr.
    Request Owner's contact information
    2 Palafox St Pensacola, FL 32502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Palafox St Pensacola, FL 32502
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