Prime Corner Retail Property 3501 N Palafox St 3,085 SF Vacant Retail Building Pensacola, FL 32505 $2,300,000 ($745.54/SF)

Offered for sale is a unique commercial real estate opportunity consisting of two contiguous parcels located at 3501 North Palafox Street & 3500 North Palafox Street BLK in Pensacola, Florida. The combined site totals approximately 1.43 acres and is improved with an existing single-story commercial building of approximately 5,519 square feet.
The property is positioned on a signalized corner at the intersection of North Palafox Street and East Fairfield Drive, providing exceptional visibility, frontage, and access from two major arterial roadways. According to FDOT traffic data, the intersection benefits from combined traffic counts approaching 130,000 vehicles per day, offering strong exposure for a wide range of commercial uses such as gas station.
The site is zoned HC/LI, allowing for flexible development and redevelopment options including automotive-related uses, retail, office, service-oriented businesses, or future repositioning. The existing improvements include multiple offices, restrooms, and support spaces, making the property suitable for immediate owner-user occupancy while also presenting long-term redevelopment upside.
Strategically located just minutes from Interstate 110, the property offers excellent regional connectivity and convenient access to Pensacola’s primary transportation corridors. The combination of land size, zoning flexibility, high traffic exposure, and proximity to I-110 makes this asset well-suited for investors, developers, or owner-users seeking a high-profile commercial site in a growing Pensacola submarket.