7050 Palafox St Pensacola, FL 32503-7157
This exceptional investment opportunity presents a vacant, fee-simple owned auto shop located at 7050 N Palafox St, Pensacola, FL 32503. The property, built in 2004, boasts a total of 2,272 square feet across two single-story buildings situated on a half-acre corner lot. The asking price is $350,000, translating to $154.05 per square foot. The property features ample parking with 55 spaces and is zoned HDMU. The existing structure includes a 1,072 square foot sales office complete with a large reception area and two private offices. Additionally, there are two covered repair areas, one equipped with a lift, and a 1,200 square foot shop containing a paint booth. All furniture, fixtures, and equipment—including tools, office computers, and auto analysis equipment—are included in the sale (see attached inventory list). This turnkey operation is conveniently located one block south of Burgess Road, within a cluster of used car lots along Palafox Street. The previous owner is retiring, making this a prime opportunity for a new business to establish itself in a well-established commercial area. The property is currently vacant and ready for immediate occupancy.
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Priced Right Auto Sales Car Dealership
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
HDMU · 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.