2220 N Palafox St - Medical FOR SALE


Pensacola, FL 32501- Southeast Pensacola
$229,000 USD
720-413-6374
2220 N Palafox St, Pensacola, FL for Sale
$229,000 USD
Medical - FOR SALE
1/38
null | 7.9% Cap Rate

2220 N Palafox St
Pensacola, FL 32501
Southeast Pensacola


HIGHLIGHTS

  • Great investment
  • New roof added in 2019
  • Water heater was replaced in 2023
  • Property is in excellent condition

OVERVIEW

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

FOR SALE DETAILS

PRICE

$229,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C-3

APN/PARCEL ID

00-0S-00-9010-006-129

ASK ABOUT THIS PROPERTY

James HunterJames HunterMore Info
720-413-6374

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James HunterJames HunterMore Info
720-413-6374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.