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890 S Palafox St
Pensacola, FL 32502

$1,290,000 USD

Loft Creative Space Condo For Sale  •  3,500 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 90,909 SF
  • Lot Size 0.84 AC
  • Building Class B
  • Year Built 2003
  • Cap Rate 6.76 %
  • Tenancy Multiple
  • Zoning WRD,Commercial
33 Transit Score
56 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 106-108 Office 3,500 SF $1,290,000 USD
  • Unit Size: 3,500 SF
  • Condo Use: Office
  • Price: $1,290,000 USD
  • Sale Type: Investment
  • Price/SF: $368.57 USD
Description
first-floor suites 106-108, 
3,500 SF, comprises two units. It offers a stable and reliable income stream with a solid history of 100% occupancy and strong rental demand. Built in 2003 in Prime Downtown Pensacola.

Sale Notes
Introducing an exceptional investment opportunity in
downtown Pensacola, this meticulously maintained 3,500
SF building comprises two units. It offers a stable and
reliable income stream with a solid history of 100%
occupancy and strong rental demand. Built-in 2003, the
property exudes a modern and professional appearance,
creating a prestigious environment ideal for an office
building investor. With commercial zoning and a prime
location, this property represents a secure and lucrative
investment, making it an attractive prospect for investors
seeking long-term financial growth in the vibrant Pensacola
market.

Description 

Introducing an exceptional investment opportunity in downtown Pensacola, this meticulously maintained 3,500 SF building comprises two units. It offers a stable and reliable income stream with a solid history of 100% occupancy and strong rental demand. Built-in 2003, the property exudes a modern and professional appearance, creating a prestigious environment ideal for an office building investor. With commercial zoning and a prime location, this property represents a secure and lucrative investment, making it an attractive prospect for investors seeking long-term financial growth in the vibrant Pensacola market.

Highlights

Two Units equally 3500SF
Stable and reliable income
100% occupancy
Built-in 2003
Modern and professional appearance
High demand area Prime investment opportunity

Property Flyers

Cap Rate: 6.76 %

Major Tenants

Tenant SF Occupied Lease End Date
Asesinato, LLC 1,054 SF 9/30/2025
Morgan Stanley 2,418 SF 1/31/2028

Amenities

  • 24 Hour Access
  • Waterfront
  • Balcony

Public Transportation

AirportDriveWalkDistance
Pensacola International 14 min - 6.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 150
Type: Surface
Included in Rent: Yes
Rob Bell 850-434-3434 Bellcore Commercial, LLC
Rob Bell 850-434-3434 Bellcore Commercial, LLC