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3501 N Palafox St
Pensacola, FL 32505
Prime Corner Retail Property · Retail Property For Sale

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Investment Highlights

  • Two contiguous parcels totaling approximately 1.43 acres
  • Combined ±130,000 vehicles per day (FDOT AADT - N Palafox St & E Fairfield Dr)
  • Flexible HC/LI zoning allowing a wide range of commercial uses
  • Located at a signalized corner intersection with strong visibility - ideal for gas station / convenience retail
  • Approximately 5,519 SF existing commercial building
  • Minutes to Interstate 110 with strong regional connectivity

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,085 SF
Building Class
B
Year Built/Renovated
1970/1990
Price
$3,153,668 CAD
Price Per SF
$1,022.26 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
1.44 AC
Opportunity Zone
Yes
Zoning
ID-2 - ID-2 zoning allowing a wide range of commercial uses. Buyer to verify permitted uses with the City of Pensacola
Parking
50 Spaces (16.21 Spaces per 1,000 SF Leased)
Frontage
91’ on Fairfield Dr

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 05-2S-30-1001-005-027
  • 05-2S-30-1001-002-027
Land Assessment
$282,855 CAD
Improvements Assessment
$324,355 CAD
Total Assessment
$607,210 CAD
  • Listing ID: 39135374

  • Date on Market: 2026-01-19

  • Last Updated:

  • Address: 3501 N Palafox St, Pensacola, FL 32505

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