2 Palafox St Pensacola, FL 32502
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.
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Intelligent Retinal Imaging Systems Medical Clinic
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LOCALiQ Advertising Agency Marketing & Advertising
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Pensacola News Journal Publishing House Newspaper & Magazine
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Pensacola Administrative Services Home Health Care Service
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Vinyl Music Hall Music Venue Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.