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5,526SF Downtown Pensacola Retail Opportunity 26 S Palafox St 1,726 - 5,526 SF of Retail Space Available in Pensacola, FL 32502
Highlights
- Prominent Palafox Street location in Downtown Pensacola’s vibrant core.
- Existing display cases and secure bank-style vault provide adaptable infrastructure.
- Surrounded by new apartments, hotel developments, and walkable amenities.
- Flexible multi-level space with showroom, offices, and operational areas.
- Secondary entrance near Jefferson Street parking garage plus rear alley access.
- Located along Palafox Street’s recently completed $10M improvement project.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,800 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $133,000 /YR $11,083 /MO | Triple Net (NNN) | ||
| 2nd Floor | 1,726 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $60,410 /YR $5,034 /MO | Triple Net (NNN) |
1st Floor
This property presents a rare opportunity to lease a highly functional, multi-level commercial space in the heart of Downtown Pensacola. Long occupied by Jeweler’s Trade Shop since 1980, the location benefits from strong recognition and visibility on one of Palafox Street’s most active blocks. As Jeweler’s Trade Shop moves into its new building on Garden Street, this space becomes available for the next concept to capitalize on its proven downtown location. The layout features a large front showroom with strong street presence, creating an exceptional environment for retail, showroom, or customer-facing uses. Existing display cases and a secure, bank-style vault remain in place, offering flexible infrastructure adaptable to diverse operational needs. Behind the showroom, the property offers a secondary entrance next to Jefferson Street parking garage, additional office areas, workspace, kitchenette, and two restrooms. A curved staircase leads to the second level, which includes additional work areas, a private office, and a large open space, complemented by rear alley access for convenience. With approximately 5,526 SF across two levels, the space can accommodate retail, home goods, gallery, wellness, or boutique food and beverage operators seeking a flagship presence in Downtown Pensacola. Available in Q4 2026, tenants will benefit from Palafox Street’s $10M streetscape improvement project and ongoing downtown residential and hospitality growth, including new luxury apartments and multiple hotel developments. Jewelry retail uses will not be permitted. All showings must be arranged through the listing broker, and the current tenant must not be disturbed.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,526 SF of adjacent space
- Flexible multi-level space
- Existing display cases and secure bank-style vault
- Secondary entrance near Jefferson Street
- Prominent Palafox Street location
2nd Floor
This property presents a rare opportunity to lease a highly functional, multi-level commercial space in the heart of Downtown Pensacola. Long occupied by Jeweler’s Trade Shop since 1980, the location benefits from strong recognition and visibility on one of Palafox Street’s most active blocks. As Jeweler’s Trade Shop moves into its new building on Garden Street, this space becomes available for the next concept to capitalize on its proven downtown location. The layout features a large front showroom with strong street presence, creating an exceptional environment for retail, showroom, or customer-facing uses. Existing display cases and a secure, bank-style vault remain in place, offering flexible infrastructure adaptable to diverse operational needs. Behind the showroom, the property offers a secondary entrance next to Jefferson Street parking garage, additional office areas, workspace, kitchenette, and two restrooms. A curved staircase leads to the second level, which includes additional work areas, a private office, and a large open space, complemented by rear alley access for convenience. With approximately 5,526 SF across two levels, the space can accommodate retail, home goods, gallery, wellness, or boutique food and beverage operators seeking a flagship presence in Downtown Pensacola. Available in Q4 2026, tenants will benefit from Palafox Street’s $10M streetscape improvement project and ongoing downtown residential and hospitality growth, including new luxury apartments and multiple hotel developments. Jewelry retail uses will not be permitted. All showings must be arranged through the listing broker, and the current tenant must not be disturbed.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,526 SF of adjacent space
- Flexible multi-level space
- Existing display cases and secure bank-style vault
- Secondary entrance near Jefferson Street
- Prominent Palafox Street location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 5,526SF Downtown Pensacola Retail Opportunity
- Tenant
- Description
- US Locations
- Reach
- Jewelers Trade Shop
- Jewelry/Watches
- 1
- -
| Tenant | Description | US Locations | Reach |
| Jewelers Trade Shop | Jewelry/Watches | 1 | - |
Property Facts
| Total Space Available | 5,526 SF | Gross Leasable Area | 5,526 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2006 |
| Property Subtype | Storefront | Parking Ratio | 0.28/1,000 SF |
| Total Space Available | 5,526 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,526 SF |
| Year Built/Renovated | 1900/2006 |
| Parking Ratio | 0.28/1,000 SF |
About the Property
This property presents a rare opportunity to lease a highly functional, multi-level commercial space in the heart of Downtown Pensacola. Long occupied by Jeweler’s Trade Shop since 1980, the location has established strong visibility and recognition along one of the most active blocks on Palafox Street. As Jeweler’s Trade Shop expands into its new building on Garden Street, this space becomes available for the next concept to take advantage of its proven location. The layout is anchored by a large front showroom with strong street presence, creating an ideal environment for a wide range of retail, showroom, or customer-facing uses. Existing display cases and a secure, bank-style vault remain in place, offering flexible infrastructure that can support a variety of retail or experiential concepts. Behind the showroom, the space includes a secondary entrance adjacent to the Jefferson Street parking garage, along with office and workspace areas, a kitchenette, and two restrooms. A curved staircase leads to the second level, which features additional workspace, a private office, and a large open area adaptable to a variety of operational needs, along with rear alley access for added flexibility. With a total rentable area of approximately 5,526 square feet, including 3,800 square feet on the first floor and 1,726 square feet on the second floor, the space is well suited for concepts such as apparel, home goods, gallery, wellness, or boutique food and beverage operators seeking a flagship downtown presence. This property is positioned along the newly completed $10M Palafox improvement project, a major investment in one of Downtown Pensacola’s most prominent corridors. The completed project included significant stormwater management improvements, ADA upgrades, expanded sidewalks, and aesthetic updates that enhance the pedestrian experience and support continued activity along Palafox Street. This space is available in Q4 2026, allowing a future tenant to open in a revitalized downtown corridor at a time of continued growth in Downtown Pensacola, including approximately 600 new, high-end apartment units by The Romero and Rhythm Lofts at Maritime Park, all within walking distance near Main Street and Bruce Beach. Additionally, this property is surrounded by continued hospitality growth, with multiple existing downtown hotels such as Holiday Inn Express and Hilton Garden Inn with several hotel developments underway such as Homewood Suites by Hilton, Hotel Tristan, Tempo by Hilton Hotels and Reverb by Hard Rock Pensacola, further increasing activity and foot traffic throughout the downtown core. Pensacola also has a minor league baseball team, the Pensacola Blue Wahoos. They are a Double-A affiliate of the Miami Marlins playing in the Southern League, which plays in the waterfront Blue Wahoos Stadium located in the Community Maritime Park. Please note that jewelry store uses will not be considered for the next tenancy. The current tenant should not be disturbed, and all showing requests should be coordinated directly through the broker.
- Signage
- Balcony
Nearby Major Retailers
Contact the Leasing Agent
5,526SF Downtown Pensacola Retail Opportunity | 26 S Palafox St