3885 Palafox St Pensacola, FL 32505-5238
This exceptional 10,168-square-foot warehouse, situated on a 1.07-acre corner lot at 3885 N. Palafox St. in Pensacola, Florida, presents a compelling investment opportunity. The property, built in 1988 and extensively renovated in 2023, boasts a Class B designation and is currently vacant. The single-story building features approximately 4,140 square feet of office space and 6,028 square feet of warehouse space. Ceiling heights vary, with 16 feet in the southern half and 10 feet in the northern half. The property benefits from a fenced yard and a highly desirable location, situated between Fairfield and Pace Boulevards on Palafox Street (Highway 29). The sale includes two parcels, identified by APN numbers 05-2S-30-1001-004-023 and 08-2S-30-4004-000-001. The property is zoned HC-LI. The asking price is $985,000, translating to $96.87 per square foot. While previously leased, the property is now available for immediate occupancy. This prime location offers excellent accessibility and visibility, making it ideal for a variety of industrial uses. The property's recent renovation ensures modern functionality and efficiency.
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Landmark Paving General Contractor Construction Company
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Roof X Roofing Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
HC/LI · Pensacola, FLPensacola. Always verify with local authorities before improvements.
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.