18 N Palafox St. Unused for years, although there have been a few plans for renovation. Looks pretty good on the outside but in need of much work on the inside if it's ever going to be reopened. More info: www.pensapedia.com/wiki/Rex_Theatre (where it's stated that the theater is for sale.) Listed as sold as of Dec. 2010: www.loopnet.com/Listing/16504313/18-N-Palafox-St-Pensacol...