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“Professional office building on N. Palafox S 2220 N Palafox St 1,413 SF Office Building Pensacola, FL 32501 $229,000 ($162.07/SF) 7.90% Cap Rate
Investment Highlights
- Great investment
- Water heater was replaced in 2023
- New roof added in 2019
- Property is in excellent condition
Executive Summary
Ideal Uses Include:
• Chiropractor
• Physical Therapy
• Counseling / Therapy
• Wellness / Med Spa
• Insurance or Financial Services
• CPA / Tax Office
• Attorney or Real Estate Office
The property includes a 1 × 3-year renewal option with a rent increase, offering long-term stability and predictable escalation. Located within a designated Opportunity Zone, the asset presents significant potential tax benefits for investors. Key benefits include: Capital Gains Deferral until 2026, a Reduction in Taxes Owed through potential step-up in basis, and Tax-Free Growth if held for 10+ years. These incentives, combined with the renewal structure, enhance the property's appeal for buyers seeking both financial upside and strategic positioning.
Available for rent June 10th 2026 $2000 NNN if buyer would like or buyer may renew current lease.
Hands-free income, secure tenant, flexible financing — this is the perfect turnkey investment. Whether you’re a local investor or an out-of-state buyer seeking a safe Pensacola foothold, this property delivers dependable cash flow and appreciation.
• ? Fully leased income-producing property
• ? NNN lease — zero landlord responsibilities
• ? Excellent tenant with steady rental history
• ? Prime location on high-traffic North Palafox corridor
• ? Minutes to downtown Pensacola and I-110
• ? Owner Financing Available:
• 20-year amortization / 5-year balloon
• 8% interest
• Minimum $150,000 down payment
• No bank needed — fast closing
• Chiropractor
• Physical Therapy
• Counseling / Therapy
• Wellness / Med Spa
• Insurance or Financial Services
• CPA / Tax Office
• Attorney or Real Estate Office
The property includes a 1 × 3-year renewal option with a rent increase, offering long-term stability and predictable escalation. Located within a designated Opportunity Zone, the asset presents significant potential tax benefits for investors. Key benefits include: Capital Gains Deferral until 2026, a Reduction in Taxes Owed through potential step-up in basis, and Tax-Free Growth if held for 10+ years. These incentives, combined with the renewal structure, enhance the property's appeal for buyers seeking both financial upside and strategic positioning.
Available for rent June 10th 2026 $2000 NNN if buyer would like or buyer may renew current lease.
Hands-free income, secure tenant, flexible financing — this is the perfect turnkey investment. Whether you’re a local investor or an out-of-state buyer seeking a safe Pensacola foothold, this property delivers dependable cash flow and appreciation.
• ? Fully leased income-producing property
• ? NNN lease — zero landlord responsibilities
• ? Excellent tenant with steady rental history
• ? Prime location on high-traffic North Palafox corridor
• ? Minutes to downtown Pensacola and I-110
• ? Owner Financing Available:
• 20-year amortization / 5-year balloon
• 8% interest
• Minimum $150,000 down payment
• No bank needed — fast closing
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,413 SF
Building Class
C
Year Built/Renovated
1964/2006
Price
$229,000
Price Per SF
$162.07
Cap Rate
7.90%
NOI
$18,091
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,413 SF
Building FAR
0.27
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-3 - Commercial
Parking
10 Spaces (7.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
1 1
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 00-0S-00-9010-006-129 | Improvements Assessment | $130,330 |
| Land Assessment | $24,500 | Total Assessment | $154,830 |
Property Taxes
Parcel Number
00-0S-00-9010-006-129
Land Assessment
$24,500
Improvements Assessment
$130,330
Total Assessment
$154,830
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Presented by
James Hunter
“Professional office building on N. Palafox S | 2220 N Palafox St
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