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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2 Palafox St Pensacola, FL 32502

29,917 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 29,917 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Intelligent Retinal Imaging Systems Medical Clinic
  • LOCALiQ Advertising Agency Marketing & Advertising
  • Pensacola News Journal Publishing House Newspaper & Magazine
  • Pensacola Administrative Services Home Health Care Service
  • Vinyl Music Hall Music Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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