2220 N Palafox St - Medical FOR SALE


Pensacola, FL 32501- Southeast Pensacola
$249,000 USD
720-413-6374
2220 N Palafox St, Pensacola, FL for Sale
$249,000 USD
Medical - FOR SALE
1/58
null | 7.2% Cap Rate

2220 N Palafox St
Pensacola, FL 32501
Southeast Pensacola


OVERVIEW

The property includes a 1 × 3-year renewal option with a 10% 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.

FOR SALE DETAILS

PRICE

$249,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

7.2%

% 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.