101 S. Palafox "The Post"

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30819385
Property Subtypes: Governmental, Office Building
Status: Pending/Contingent
Building Size (RSF): 12,684 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 SF
Sale Price: $3,999,000
Unit Price: $315.28 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: The Post
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

This is a rare opportunity to live in the beating heart of downtown, in a space that is truly historic, and truly your own. With an option to have an extensive remodel above and around the historic Downtown Post Office to bring new residences above beautiful Palafox Street. Imagine thoughtful and spacious floor plans honor the history of the building while breathing fresh new life into this beautiful brick edifice. Behind the post office currently a pay and park parking lot that will allow you the opportunity to develop over 100 residential units. Don't miss this opportunity!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia
Tax ID/APN: 000S009001001196
Zoning: C-2A
Highway Access: I-10, Hwy 98, Palafox
Airports: Pensacola International Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System, Other
Internet Access: Cable
Zoning Description: C-2A, The residential density allowed is 135 units per acre. If the acreage is correct for the entire site, it is roughly 0.8171 acres, which would allow for 110 units (in theory). If a separate parcel is going to be created out of the parking area, then that acreage total would apply to the 135 units per acre
Lot Frontage: 240
Lot Depth: 173
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Legal Description: All Of Lot 196, The West 1/2 Of Lot 197, And All That Portion Of The East 1/2 Of Lot 197 And All Of Lot 198 Lying North Of A Line Drawn From A Point 50 Feet 4-1/2 Inches North Of The Southeast Corner Of Lot 198 To A Point On The West Line Of The East Half Of Lot 197, Which Point Is 50 Feet 7- 1/2 Inches North Of The South Line Of Said Lot 197, All Being In Block 26, Old City Tract, In The City Of Pensacola, Escambia County, Florida. Or 8140 P 1216 Ca 74

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,349 45,514 114,900
Median Age: 40.65 39.91 37.67
Households: 2,555 19,208 43,784


Photograph of Listing Agent

Larry Kuhn

Kuhn Realty Gulf Coast CMLS Member
Photograph of Listing Agent

Mehdi Moeini

Island Culture Realty Gulf Coast CMLS Member
Photograph of Listing Agent

Wendi Summers Sampson

Island Culture Realty Gulf Coast CMLS Member
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