5725 Palafox StPensacola, FL 32503

Property Details for 5725 Palafox St

Year built

1940

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

4,324 SF

Zone code

COM

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

47-1S-30-1101-004-064

APU

471S301101004064

Description

This exceptional mixed-use property at 5725 N Palafox St, Pensacola, FL 32503, presents a compelling investment opportunity. The 0.48-acre lot houses a 10,116 square foot building, constructed in 1940, featuring a unique blend of retail and residential space. The building comprises two stories and offers 3,841 square feet of net rentable area. Currently zoned COM, this property offers significant upside potential for investors and developers. The asking price is $205,000, translating to $54.93 per square foot. Previously occupied by Adam's Pawn Shop, the property's adaptable layout allows for various strategic approaches, including renovation for rental or resale, or complete redevelopment. The single-tenancy structure simplifies management, and the motivated seller ensures a streamlined acquisition process. This is a rare chance to acquire a well-located mixed-use asset in Pensacola with substantial potential for value appreciation. The property's history and current condition provide a solid foundation for a variety of investment strategies, making it an attractive option for those seeking a low entry point with significant long-term growth prospects. The property's location in Escambia County offers convenient access to local amenities and transportation networks.

• CAP approach

  CAP return

  Valuation

  6%

  $585,619

  6.5%

  $540,572

  7%

  $501,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,657

  Geo Method

  $307,393

• Alternative Use

  Use

  Valuation

  Residential

  $670,309

  Hospitality

  $613,999

  Educational

  $510,840

  Medical

  $528,409

  Retail

  $794,640

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4719

Longitude

-87.2446

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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