28 North Palafox Street, Pensacola, FL 32502

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Michael C.

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Building Details:

28 North Palafox Street is aretail property for lease in Pensacola, FL.

This property has fantastic street retail frontage with a very inviting New Orleans style exterior facade. 22 N Palafox is made up of 3 separate dining levels, each of which is newly renovated with a very modern feel. The most unique of the 3 levels is the top floor with a rooftop bar and dining area and fantastic views of Downtown Pensacola. This property would include all common restaurant fixtures such as hood system, grease trap and walk-in coolers. In addition, the site would include all of the restaurant equipment such as fryers, flat top grill, oven, small ware, bar equipment and furniture (Full FF&E Package). The Property also includes a 836 +/- SF Apartment.

When the property was remolded in 2012-2013 there were incomplete construction jobs that were done to the property including not finishing the remodeling of the apartment, improper instillation of the roof and errors installing the roof top bar. While the structure is still sound there will need to be modifications made to the property to satisfy city code requirements. The seller of the property has Four Hundred Thousand ($400,000.00) Dollars in escrow retained for the the buyer to resolve those outstanding issues.

• Located on Palafox Street
• Downtown Pensacola
• Roof Top Bar
• Full Furniture Fixtures and Equipment Package (FF&E)

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