Prime Retail Location

3 S Palafox Place Pensacola, FL 32502

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FOR LEASE
Property Type:
Street Retail
Last Verified:
Aug 28, 2017

Highlights

  • Excellent Retail Visibility
  • Ample Parking in Paved Lot

Description

This unit in the One Palafox Place redevelopment is a vanilla shell retail space with high ceilings and glass storefront on Palafox. Exposed brick wall on one side of the space. Plumbing stubbed out for sinks and toilets in the unit plus shared restroom opportunity available.

Large parking lot accessible through rear entrance/exit from the space.

Triple net expenses are estimated at $6 psf.

Near Pita Pit and Global Grill, this site is less than 50 feet from the primary intersection of Downtown Pensacola giving it prime retail visibility. With a walkscore of 77, this section of Palafox is very walkable and sees foot traffic during business hours as well as in the evening.

Building Size: 2430.0sq ft
Lot Size: 0.0 acres

Units for Lease

3 Palafox Place
Lease Type: NNN
Price Per Sqft/Year: $20.0

Map of 3 S Palafox Place, Pensacola, FL, 32502

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.