Icehouse
815 South Palafox St., Pensacola, FL 32505
Key features
- Attractive In-Place Yield Offered at a 5.88% cap rate with stable downtown office income.
- Historic, Character-Rich Building Three-story Class "A" office building enhances market appeal and tenant retention.
- Iconic Palafox Street Frontage along the city’s most desirable commercial corridor, surrounded by dining, retail, and residential development.
- Limited Downtown Office Supply supports long-term occupancy and rental stability.
- Located in a Growing Coastal Market benefiting from population growth and continued downtown revitalization.
- Prime Waterfront Location in the heart of Downtown Pensacola’s entertainment and business district with irreplaceable views.
- Rent Roll maintained almost 100% occupancy since building completed in 1999.
- Stabilized, Income-Producing Asset 100% leased to two long-term professional tenants; Merrill Lynch (12,255 RSF) tenant since 2001 and Rafferty, Domnick, Cunningham & Yaffa (6,739 RSF) new 5-year lease executed in 2024
- Walkable Waterfront Environment with immediate access to marina, festivals, restaurants, and hospitality.
Building Details
- For Sale $9,700,000
- Property Type Office - General Office
- Property Size 18,994 SF
- Lot Size 0.37 Acre
- Additional Rent Price on request
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1999
- Date Updated Nov 4, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
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Location
- City Pensacola, FL
- Neighborhood Downtown Pensacola
- Zip Code 32505
- Market Pensacola
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Walk score 47/100 Car-Dependent -
Bike score 55/100 Bikeable
Points of Interest
Pensacola
1.46 miles
Circle K
0.92 miles
BP
1.19 miles
Beacon Station
1.48 miles
Shell
1.99 miles
Trisha's One Stop
3.07 miles
76
3.24 miles
RaceWay
3.44 miles
ChargePoint
5.73 miles
Parking Lot J
4.88 miles
Parking Lot K
4.89 miles
Economy Lot 1 & Cellphone Lot
4.91 miles
Bayou Boulevard Garage
4.93 miles
Dickinson Park
4.94 miles
Pensacola Airport Parking
4.95 miles
Parking Lot I
5.04 miles
Lot V
5.09 miles
Parking Lot G2
5.09 miles
9th Avenue Garage
5.11 miles
Budget Truck Rental
1.76 miles
Enterprise
3.37 miles
Big Wash
3.69 miles
Simoniz Car Wash
4.68 miles
Hertz
5.02 miles
Oasis Auto Clean
5.07 miles
Budget
5.72 miles
Auto
6.32 miles
Ronny's Car Wash Express
6.52 miles
Go Clean Car Wash
7.51 miles
Jaco's Bayfront Bar & Grille
0.11 miles
Deluna's Chat & Chew
0.12 miles
Palafox Wharf
0.13 miles
Al Fresco
0.23 miles
Shux Oyster Bar
0.23 miles
Bluefin Poke
0.24 miles
Nom Sushi Izakaya
0.26 miles
The Fish House, Atlas Oyster House and Deck Bar
0.28 miles
Jackon's Steakhouse
0.28 miles
The Fish House
0.28 miles
Ever'man Cooperative Grocery & Cafe
0.66 miles
Publix
1.52 miles
Bien Dong Oriental Market
2.94 miles
Apple Market
2.94 miles
Asia Oriental Market
3.13 miles
Walmart Neighborhood Market
3.80 miles
Walmart Supercenter
3.99 miles
Navy Exchange (NEX)
4.44 miles
Target
4.46 miles
Commissary
4.52 miles
Pensacola Police Department
1.17 miles
Pensacola Fire Department Station #1
1.29 miles
Walgreens
1.39 miles
Pensacola Fire Department Station #4
1.91 miles
Community Health Northwest Florida
2.05 miles
Baptist Hospital
2.11 miles
West Pensacola Fire Station #17
2.72 miles
Escambia County Sheriff Office
2.93 miles
Gulf Breeze Volunteer Fire Department
3.56 miles
Gulf Breeze Police Department
3.58 miles
Listing Summary
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Property Financials 815 South Palafox St. is currently listed for sale at $9,700,000 for a price per square foot of $510.69.
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Property Details 815 South Palafox St. totals 18,994 square feet of Office space on a lot spanning 0.37 acres.
The property was initially built in 1999. Based on its location, amenities, and finishes, the property is listed as class A.
Tenancy at 815 South Palafox St. is listed as Multi-Tenant.
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Area Characteristics In terms of ease of commuting, the area has a walk score of 47, indicating that it is car-dependent.
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