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815 Palafox St
Pensacola, FL 32502
Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • Prime downtown Pensacola location on South Palafox in the heart of the city
  • Flexible space suitable for office, retail, or professional services
  • Prestigious South Palafox address that enhances tenant appeal
  • Excellent visibility with strong foot traffic and professional presence
  • Located in a thriving Gulf Coast market with continued growth

EXECUTIVE SUMMARY

The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 42 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information. Located along the waterfront in the center of Downtown Pensacola's entertainment and business district, the Palafox Icehouse presents a rare and dynamic investment opportunity. With three stories and waterfront views, this iconic property blends rich industrial character with prime positioning along one of the city's most sought-after corridors, surrounded by a vibrant mix of restaurants, retail, entertainment, and residential developments. Currently leased to two long-term finance and legal tenants with over 15 years of occupancy, with approximately 36 months remaining on existing leases. It is available for sale individually or as part of a portfolio.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
21,000 SF
Building Class
B
Year Built
1999
Price
$13,355,832 CAD
Price Per SF
$635.99 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,000 SF
Slab To Slab
10’
Building FAR
0.55
Lot Size
0.87 AC
Zoning
SPBD

AMENITIES

  • 24 Hour Access
  • Waterfront
  • Balcony

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-0S-00-9100-050-050
Land Assessment
$850,189 CAD
Improvements Assessment
$2,498,855 CAD
Total Assessment
$3,349,044 CAD
  • Listing ID: 38145427

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 815 Palafox St, Pensacola, FL 32502

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