2370 Palafox StPensacola, FL 32501

Property Details for 2370 Palafox St

Year built

1945

Construction

STEEL FRAME

Lot size

2.18 AC

Property size (Sq ft)

3,034 SF

Zone code

C-3

Property type

Other commercial real estate

Property subtype

Showrooms

APN

00-0S-00-9010-001-136

APU

000S009010001136

Description

This exceptional Pensacola industrial property offers over 25,000 square feet of warehouse space, perfectly suited for various manufacturing, distribution, or warehousing needs. Strategically located for easy access to I-110, less than half a mile away, ensuring efficient transportation and logistics. The unit boasts a flexible layout with varying ceiling heights: 18 feet in approximately half the space and 14 feet in the remainder. Access is convenient with three roll-up doors: one 14'x14' grade-level door, one 9'x14' roll-up door with a dock well, and a 17'x14' grade-level door. On-site amenities include two offices and a restroom. Recent upgrades enhance the property's value, including a new roof or new roof coatings, fresh exterior paint, energy-efficient LED lighting, and a recently sealed parking lot. The property also features a fully gated yard shared with other tenants, with approximately half an acre potentially dedicated to this unit. Available August 24, 2024. Zoned C-3. The property is comprised of one suite within a larger complex. Please note that the minimum divisible square footage is 25,349 square feet. Two months free rent is currently being offered.

• CAP approach

  CAP return

  Valuation

  6%

  $604,036

  6.5%

  $557,572

  7%

  $517,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $517,475

  Geo Method

  $543,531

• Alternative Use

  Use

  Valuation

  Residential

  $470,332

  Hospitality

  $430,822

  Educational

  $358,439

  Medical

  $370,766

  Retail

  $557,572

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4361

Longitude

-87.2201

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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