2200 N Palafox St - Medical FOR SALE


Pensacola, FL 32501
$2,460,000 USD
850-346-2266
2200 N Palafox St, Pensacola, FL for Sale
$2,460,000 USD
Medical - FOR SALE
1/26
null | Request Cap Rate

2200 N Palafox St
Pensacola, FL 32501


OVERVIEW

17,040 SF Freestanding building with frontage on Palafox and Maxwell St. Previous medical facility has been completely renovated in 2022 to include new floors, drywall, electrical, doors, LED lighting, plumbing fixtures for bath, installed 10 showers, HVAC, Flood barriers, and fire sprinklers. The current layout offers 36 private residential rooms, residential lounges, 4 offices, 14 bathrooms, 10 shower rooms, laundry room, classroom, large dining area with commercial kitchen. Multiple restrooms and outside entrances distributed throughout the space allow for division into a multi-tenant office building as well. Variations of the current use for group homes or non-profit residential uses would easily utilize the current configuration. The HVAC system was replaced, and a large commercial kitchen has been installed to support these types of uses. The current tenant is MTM and will vacate with 30 days’ notice. Floorplan Attached. Appraisal completed Aug, 2023 (3.35M) Power: 3 Phase / 800 AMP service Land: 1.36 acres zoned C-3. Fenced with gate access to rear, Rail access. Adjoining lot(s) are negotiable adding an additional .90 acres for expansion. .36 acre / Zoned C-3 Parcel ID: 000S009010007129 .53 acre / Zoned C-3 Parcel ID: 000S009010014129

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C3

APN/PARCEL ID

00-0S-00-9010-001-129

ASK ABOUT THIS PROPERTY

Rachel RobertsNeal & Company LLCMore Info
850-346-2266

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

Rachel RobertsNeal & Company LLCMore Info
850-346-2266

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