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Prime Downtown Pensacola Office

$2,195,000

216-220 South Palafox Place, Pensacola, FL 32502

Active
Last Updated: 06/19/2025

4,311 sqft

Building Size

0.278 acres

Lot Area

Details:
Building Size:    4,311 sqft
Lot Area:    0.278 acres
Class:    A
Year Built:    1900
Highlights:
  • Heart of Downtown Pensacola
  • 2 Office Buildings
  • Managed Parking Lot Included: Generates approximately $40,000/yr NOI
  • 1500 SF Office and Parking Lot Generate over $85,000 NOI
  • 2811 SF Office is used by the Landlord and will be vacant at Sale
Description:

PRIME DOWNTOWN PENSACOLA: 216 & 220 S Palafox St AND 200 Blk S Jefferson St is in the heart of Pensacola's vibrant business district along historic Palafox Street. These two prime single-story office buildings and Managed Parking Lot offer a lucrative investment opportunity. 216 is 1,500 sf and 220 is 2,811 sf. Both have exposed brick walls and high ceilings. The buildings can be combined with 4311 SF of Prime Office Space. The parking lot generates approximately $40,000 per year in NOI. 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 Place AND 200 Blk S Jefferson St is in the heart of Pensacola's vibrant business district along historic Palafox Street. These two prime single-story office buildings and Managed Parking Lot offer a lucrative investment opportunity. 216 is 1,500 sf and 220 is 2,811 sf. Both have exposed brick walls and high ceilings. The buildings can be combined with 4311 SF of Prime Office Space. The parking lot generates approximately $40,000 per year in NOI. 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.

Map:
Documents:
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Today's Available Mortgage Rates

216-220 South Palafox Street, Pensacola, Florida 32502

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/20/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$7,890 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,229,200 Loan Amount
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$7,845 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,207,250 Loan Amount
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$7,919 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,207,250 Loan Amount
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