Prime Downtown Pensacola Office

216-220 South Palafox Street Pensacola, FL 32502

216-220 South Palafox Street, Pensacola, FL, 32502
216-220 Front
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,150,000
Last Verified:
Jul 05, 2024

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Highlights

  • Heart of Downtown Pensacola
  • Parking Available Monday through Friday 8a.m. - 5p.m.

Description

PRIME DOWNTOWN PENSACOLA: 216 & 220 S Palafox St is in the heart Pensacola's vibrant business district along historic Palafox Street. These two prime single-story office buildings offer a lucrative investment opportunity. The first building, spanning 1,500 square feet, exudes charm with its exposed brick walls and high ceilings, while the second, boasting 2,811 square feet, provides ample space for a larger user. Of course you can combine the 2 buildings to enjoy over 4311 SF of Prime Office Space. Situated on 0.13 acres, the properties feature a shared parking lot. With their desirable location and versatile layouts, these buildings promise to be a cornerstone for entrepreneurs and professionals seeking a strategic foothold in Pensacola's bustling downtown scene.

PRIME DOWNTOWN PENSACOLA: 216 & 220 S Palafox St is in the heart of Pensacola's vibrant business district along historic Palafox Street. These two prime single-story office buildings offer a lucrative investment opportunity. The first building, spanning 1,500 square feet, exudes charm with its exposed brick walls and high ceilings, while the second, boasting 2,811 square feet, provides ample space for a larger user. Of course, you can combine the 2 buildings to enjoy over 4311 SF of Prime Office Space. Situated on 0.13 acres, the properties feature a shared parking lot. With their desirable location and versatile layouts, these buildings promise to be a cornerstone for entrepreneurs and professionals seeking a strategic foothold in Pensacola's bustling downtown scene.

Building Size: 4311sq ft
Building Class: A
Lot Size: 0.13 acres


Documents

216-220 South Palafox Street

Map of 216-220 South Palafox Street, Pensacola, FL, 32502

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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.