1750 North Palafox Street

Pensacola, FL 32501

$1,990,000
Price
—
Beds
63,002 Sq. Ft.
$32 / Sq. Ft.
63,002
Sq. Ft.
$32
per Sq. Ft.

Description

Price reduction. Architectural plans for this building are available upon request. With 54+ million dollars of government funding being injected into Pensacola, this investment has HUGE upside potential with little downside risk. After a full renovation, this property is projected to have an impressive cap rate that will make this a vessel for financial freedom. If this information is not enough to catch your attention, then you will want to see the expected equity increase following the rendition...Price reduction. Architectural plans for this building are available upon request. With 54+ million dollars of government funding being injected into Pensacola, this investment has HUGE upside potential with little downside risk. After a full renovation, this property is projected to have an impressive cap rate that will make this a vessel for financial freedom. If this information is not enough to catch your attention, then you will want to see the expected equity increase following the rendition of the subject property. Non-represented investors are more than welcome and will be able to see the property upon request, within 24-48 hours. Interior is messy but in-tact.
  1. Listed by Edward Barry • ENGEL & VOLKERS OCALA
  2. Listed by Ryan Frost • REALTY EXECUTIVES IN THE VILLAGES

Property Details for 1750 North Palafox Street

Township
01
Waterfront
No
LISTING UPDATED: 11/14/2024 03:20 PM

Property Details for 1750 North Palafox Street

StatusActive
MLS #OM680594
Days on Market150
Taxes$7,361 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1954
Lot Size1.32 AC / 57,499 SF
CountyEscambia County

Building Information for 1750 North Palafox Street

Stories-Residences-Year Built1954Lot Size1.32 AC / 57,499 SF

Property Information for 1750 North Palafox Street

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 60081.0
  • Building Area Units: Square Feet
  • Directions: Headed south on I4, take exit 4 for Fairfield Drive. When you reach the end of the exit ramp, make a right turn onto West Fairfield Drive. Continue along West Fairfield Drive for a little over a mile and then turn left onto North Palafox Street. Drive along North Palafox Street for about two miles, and you will find 1750 North Palafox Street on your right-hand side.
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • Unit Number: No
  • Street Number: 1750
  • Street Direction Prefix: N
  • Street Name: PALAFOX
  • Street Suffix: STREET
  • State: FL
  • City: PENSACOLA
Taxes and HOA Information
  • Tax Block: 102
  • Tax Book Number: 970
  • Tax Legal Description: BEG NW COR BLK 102 EAST KING TRACT N 80 DEG 06 MIN 38 SEC E ALG S R/W LI OF AVERY ST (50 R/W) 176 FT S 09 DEG 53 MIN 08 SEC E 326 FT S 80 DEG 06 MIN 18 SEC W 176 FT N 09 DEG 53 MIN 08 SEC E ALG R/W LI 326.02 FT TO POB OR 7636 P 970
  • Tax Lot: 80
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 00-0S-00-9010-040-102
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 4
  • Water Access: No
  • Water Extras: No
  • Zoning: C-3
  • Living Area: 63002
Property and Assessments
  • Year Built Numeric: 1954
  • Flood Zone Code: X
  • Flood Zone Date: 09-29-2006
  • Flood Zone Panel: 12033C0390G
  • New Construction: No
  • Public Survey Range: E
  • Public Survey Section: CA
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Cooling: Central Air, None
  • Living Area Units: Square Feet
  • Water View: No

Property History for 1750 North Palafox Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1750 North Palafox Street

Taxable ValueLand-Additions-Total-
Tax Record2023$7,361 ($613 / month)
Home Facts
Total Finished SqFt59,938 SqFtAbove Grade Finished SqFt57,082 SqFtFinished Basement SqFt2,856 SqFtStories4Lot Size57,181 SqFtStyleOffice BuildingYear Built1954Year Renovated1970ZoningC-3CountyESCAMBIAAPN00-0S-00-9010-040-102

Schools near 1750 North Palafox Street

This home is within Escambia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Global Learning Academy
PublicPK to 5

J. H. Workman Middle School
Public6 to 8

Pensacola High School
Public9 to 12

Lakeview Dropout Prevention
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1750 North Palafox Street is a mixed use property for sale in Pensacola, FL 32501. This property was listed for sale on June 18, 2024 by ENGEL & VOLKERS OCALA, it's currently listed at $1,990,000. It has been on the market for a total of 150 days and was last sold on November 29, 2016. This listing's school district is Escambia. Nearby schools include Global Learning Academy, J. H. Workman Middle School and Pensacola High School. 1750 North Palafox Street is a 0-bed, 0-bath, 63,002 sqft mixed use property built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ENGEL & VOLKERS OCALA; REALTY EXECUTIVES IN THE VILLAGES

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.