815 S Palafox Street, Pensacola, FL 32502
$9,700,000
Property Type:
Commercial for Sale
Square Footage:
21,720
Lot Size (sq. ft.):
16,117
Status:
Active
Current Price:
$9,700,000
List Date:
10/15/2025
Last Modified:
10/21/2025
Description
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.
More Information MLS# 780409
Contract Info
List Price/SqFt: 446.59
List Date: 2025-10-15
List Price: $9,700,000
Current Price: $9,700,000
Sub-Type: Income Producing
Location
Sub Area: 1302 – Escambia – Pensacola
Community/Resort: None
Waterfront: Yes
Elementary School: Hellen Caro
Middle School: Bailey
High School: Other
Directions: 815 S. Palafox Street is located in downtown Pensacola. From I-10, take Exit 10 onto US-90 East, follow it to N. Palafox Street, and head south through Garden Street into the S. Palafox corridor where the property will be on your right.
Area: 13 – Escambia County
Street #: 815
Street Direction: S
Street Name: Palafox
Street Suffix: Street
State: FL
Zip Code: 32502
County: Escambia
Subdivision: No Named Subdivision
Parcel ID: 00-0S-0091-0005-0050
Legal Description: LEASED TO PALAFOX ICEHOUSE PARTNERS BEG AT NW COR OF LT 1 BLK 34 WATERFRONT S 10 DEG 34 MIN 11 SEC E ALG WLY LI OF BLK 34 & EXTEN THEREOF 257 FT N 78 DEG 25 MIN 49 SEC E 8 12/100 FT N 79 DEG 23 MIN 15 SEC E 117 FT S 10 DEG 36 MIN 48 SEC E 642 43/100 FT N 79 DEG 29 MIN 51 SEC E 78 49/100 FT FOR POB CONT N 79 DEG 29 MIN 51 SEC E 212 FT S 10 DEG 37 MIN 31 SEC E 520 29/100 FT S 79 DEG 29 MIN 22 SEC W
General Property Info
List Class: Commercial
Acreage: 0.37
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 3
SqFt Unit: 7240
# of Stories in Building: 3
SqFt Tot Bldg: 21720
Year Built: 1999
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: 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.
Waterfront Type
Bay/Harbor: 1
Floors in Unit/Home
Three Or More: 1
Status Change Info
Status: Active
Property Features
Waterfront Type: Bay/Harbor
Listing Office:
NAI TALCOR
Last Updated: October – 21 – 2025
Information deemed reliable but not guaranteed.