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5725 N Palafox St 5725 N Old Palafox Hwy

3,841 SF Retail Building Pensacola, FL 32503 $205,000 ($53/SF)

Investment Highlights

  • 3,841 SF of mixed-use space
  • Prime for renovation or redevelopment
  • Combination of residential and commercial use
  • Situated on approximately half an acre

Executive Summary

5725 N Old Palafox is a mixed-use asset featuring 3,841 square feet of space. This unique property combines a two-story apartment and shop space, offering a rare opportunity for investors and developers alike.
Originally constructed in 1940 and recently housing Adam's Pawn Shop, this property is ideal for those looking to invest at a low entry point with significant upside potential. Whether the goal is renovation for rental or resale, or complete redevelopment, 5725 N Old Palafox presents a canvas for various strategic approaches.
The current owner is highly motivated, presenting an attractive opportunity for immediate acquisition and subsequent value-add strategies.

Attachments

Sale Brochure

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,841 SF
Building Class
C
Year Built
1996
Price
$205,000
Price Per SF
$53
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.48 AC
Zoning
C-1
Frontage
96 FT on Old Palafox Hwy

Nearby Major Retailers

Waffle House
PJ's Coffee of New Orleans
Regions Bank
Grocery Outlet
Krispy Krunchy Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
47-1S-30-1101-001-060
Land Assessment
$364,161 (2023)
Improvements Assessment
$100,332 (2023)
Total Assessment
$464,493 (2023)
  • Listing ID: 31326970

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: 5725 N Old Palafox Hwy, Pensacola, FL 32503

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