7050 Palafox StPensacola, FL 32503

Property Details for 7050 Palafox St

Year built

2004

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

1,121 SF

Zone code

HDMU

Property type

Retail properties

Property subtype

Auto shops

APN

27-1S-30-1201-006-002

APU

271S301201006002

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $223,179

  6.5%

  $206,011

  7%

  $191,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $191,196

  Geo Method

  $200,824

• Alternative Use

  Use

  Valuation

  Residential

  $173,778

  Hospitality

  $159,180

  Educational

  $132,436

  Medical

  $136,990

  Retail

  $206,011

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4951

Longitude

-87.2536

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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