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890 S Palafox St - Palafox Pier
3,500 SF Office Condo Unit Offered at $1,290,000 in Pensacola, FL 32502
Investment Highlights
- Two Units equally 3500SF
- 100% occupancy
- Modern and professional appearance
- Stable and reliable income
- Built-in 2003
- High demand area Prime investment opportunity
Executive Summary
Introducing an exceptional investment opportunity in downtown Pensacola, this meticulously maintained 3,500 SF building comprises two units. It offers a stable and reliable income stream with a solid history of 100% occupancy and strong rental demand. Built-in 2003, the property exudes a modern and professional appearance, creating a prestigious environment ideal for an office building investor. With commercial zoning and a prime location, this property represents a secure and lucrative investment, making it an attractive prospect for investors seeking long-term financial growth in the vibrant Pensacola market.
Property Facts
1 Unit Available
Unit 106-108
| Unit Size | 3,500 SF | Sale Type | Investment |
| Price | $1,290,000 | Cap Rate | 6.76% |
| Price Per SF | $368.57 | NOI | $87,267 |
| Condo Use | Office | APN/Parcel ID | 000S009125000018, 000S009125000019, 000S009125000020 |
| Unit Size | 3,500 SF |
| Price | $1,290,000 |
| Price Per SF | $368.57 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| NOI | $87,267 |
| APN/Parcel ID | 000S009125000018, 000S009125000019, 000S009125000020 |
Description
first-floor suites 106-108,
3,500 SF, comprises two units. It offers a stable and reliable income stream with a solid history of 100% occupancy and strong rental demand. Built in 2003 in Prime Downtown Pensacola.
Sale Notes
Introducing an exceptional investment opportunity in
downtown Pensacola, this meticulously maintained 3,500
SF building comprises two units. It offers a stable and
reliable income stream with a solid history of 100%
occupancy and strong rental demand. Built-in 2003, the
property exudes a modern and professional appearance,
creating a prestigious environment ideal for an office
building investor. With commercial zoning and a prime
location, this property represents a secure and lucrative
investment, making it an attractive prospect for investors
seeking long-term financial growth in the vibrant Pensacola
market.
full (18)
Amenities
- 24 Hour Access
- Waterfront
- Balcony
zoning
| Zoning Code | WRD,Commercial (The waterfront redevelopment district is established to promote redevelopment of the city's downtown waterfront with a compatible mixture of water-dep) |
| WRD,Commercial (The waterfront redevelopment district is established to promote redevelopment of the city's downtown waterfront with a compatible mixture of water-dep) |
NNN Tenant Information
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Morgan Stanley |
2,418 SF
|
January 2028
|
| Asesinato, LLC |
1,054 SF
|
September 2025
|
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890 S Palafox St - Palafox Pier
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