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2200 N Palafox St

17,040 SF 12% Leased Office Building Pensacola, FL 32501 £1,943,425 (£114/SF)

Executive Summary

17,040 SF Freestanding building with frontage on Palafox and Maxwell St. Previous medical facility has been completely renovated in 2022 to include new floors, drywall, electrical, doors, LED lighting, plumbing fixtures for bath, installed 10 showers, HVAC, Flood barriers, and fire sprinklers. The current layout offers 36 private residential rooms, residential lounges, 4 offices, 14 bathrooms, 10 shower rooms, laundry room, classroom, large dining area with commercial kitchen. Multiple restrooms and outside entrances distributed throughout the space allow for division into a multi-tenant office building as well. Variations of the current use for group homes or non-profit residential uses would easily utilize the current configuration. The HVAC system was replaced, and a large commercial kitchen has been installed to support these types of uses. The current tenant is MTM and will vacate with 30 days’ notice.
Floorplan Attached. Appraisal completed Aug, 2023 (3.35M)
Power: 3 Phase / 800 AMP service
Land: 1.36 acres zoned C-3. Fenced with gate access to rear, Rail access.
Adjoining lot(s) are negotiable adding an additional .90 acres for expansion.
.36 acre / Zoned C-3 Parcel ID: 000S009010007129
.53 acre / Zoned C-3 Parcel ID: 000S009010014129

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
17,040 SF
Building Class
C
Year Built
1983
Price
£1,943,425
Price Per SF
£114
Percent Leased
12%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
17,040 SF
Building FAR
0.29
Land Acres
1.36 AC
Opportunity Zone
Yes
Zoning
C3
Parking
125 Spaces (7.34 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Route
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 15,049 SF
  • Office
  • -
  • Now

17,040 SF Freestanding building with frontage on Palafox and Maxwell St. Previous medical facility has been completely renovated in 2022 to include new floors, drywall, electrical, doors, LED lighting, plumbing fixtures for bath, installed 10 showers, HVAC, Flood barriers, and fire sprinklers. The current layout offers 40 private rooms, residential lounges, 8 offices, 14 bathrooms, 10 shower rooms, laundry room, classroom, large dining area with commercial kitchen. Multiple restrooms and outside entrances distributed throughout the space allow for division into a multi-tenant office building as well. Variations of the current use for group homes or non-profit residential uses would easily utilize the current configuration. The HVAC system was replaced, and a large commercial kitchen has been installed to support these types of uses. The current tenant is MTM and will vacate with 30 days’ notice. Power: 3 Phase / 800 AMP service Marketed for Sale or Lease: Lease: $13.50 PSF Base / NNN Estimated at $4.00 PSF Sale: 2,460,000 Land: 1.36 acres zoned C-3. Fenced with gate access to rear, Rail access. Adjoining lot(s) are negotiable adding an additional .90 acres for expansion. .36 acre / Zoned C-3 Parcel ID: 000S009010007129 .53 acre / Zoned C-3 Parcel ID: 000S009010014129

Space Size Space Use Condition Available
1st Floor 15,049 SF Office - Now

1st Floor

Size
15,049 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 15,049 SF
Space Use Office
Condition -
Available Now

17,040 SF Freestanding building with frontage on Palafox and Maxwell St. Previous medical facility has been completely renovated in 2022 to include new floors, drywall, electrical, doors, LED lighting, plumbing fixtures for bath, installed 10 showers, HVAC, Flood barriers, and fire sprinklers. The current layout offers 40 private rooms, residential lounges, 8 offices, 14 bathrooms, 10 shower rooms, laundry room, classroom, large dining area with commercial kitchen. Multiple restrooms and outside entrances distributed throughout the space allow for division into a multi-tenant office building as well. Variations of the current use for group homes or non-profit residential uses would easily utilize the current configuration. The HVAC system was replaced, and a large commercial kitchen has been installed to support these types of uses. The current tenant is MTM and will vacate with 30 days’ notice. Power: 3 Phase / 800 AMP service Marketed for Sale or Lease: Lease: $13.50 PSF Base / NNN Estimated at $4.00 PSF Sale: 2,460,000 Land: 1.36 acres zoned C-3. Fenced with gate access to rear, Rail access. Adjoining lot(s) are negotiable adding an additional .90 acres for expansion. .36 acre / Zoned C-3 Parcel ID: 000S009010007129 .53 acre / Zoned C-3 Parcel ID: 000S009010014129

Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-0S-00-9010-001-129
Land Assessment
£109,614
Improvements Assessment
£602,330
Total Assessment
£711,945
  • Listing ID: 31269348

  • Date on Market: 19/03/2024

  • Last Updated:

  • Address: 2200 N Palafox St, Pensacola, FL 32501

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