216 Government Avenue, Niceville, FL 32578

$2,450,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 41,818 Status: Sold
Current Price: $2,500,000 List Date: 5/04/2018 Last Modified: 10/12/2024

Description

37,800 sq. ft., two story, 238 unit Climate Controlled Storage Facility. 24 of the units have outside access. The remaining units are interior with 24-hour secure customer access. Dedicated office in lobby could support related business and generate complementary additional income. Facility built in 2005, exceptionally maintained and managed. Gross income $306,000; NOI $185,000; Occupancy 94%; FDOT traffic count for this location is 14,600 daily. Seller is willing to provide financing for qualified buyer. Excellent opportunity to own a seasoned, stable income producing property which requires very little ''hands on'' management. THIS IS AN ASSET SALE NOT AN ENTITY SALE

More Information MLS# 797874

Contract Info

Listing Board: Emerald Coast List Date: 2018-05-04 List Price: $2,500,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Legal Description: COM NE COR NE1/4 OF NW1/4S 3 DEG E 618 FT S 86 DEG W174.3 FT S 53 DEG W 606 FT TOPOB S 53 DEG W 110 FT N 36 DEG W 400 FT N 53 DEG E 110 FT S 36 DEG E 400 FT TO POB LESS ANY PART OF HWY 85 R/W

General Property Info

Vacant: No Lot Depth: 380 Zoning: C-2 Lot Frontage: 110 Acreage: 0.96

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 37,800 sq. ft., two story, 238 unit Climate Controlled Storage Facility. 24 of the units have outside access. The remaining units are interior with 24-hour secure customer access. Dedicated office in lobby could support related business and generate complementary additional income. Facility built in 2005, exceptionally maintained and managed. Gross income $306,000; NOI $185,000; Occupancy 94%; FDOT traffic count for this location is 14,600 daily. Seller is willing to provide financing for qualified buyer. Excellent opportunity to own a seasoned, stable income producing property which requires very little ''hands on'' management. THIS IS AN ASSET SALE NOT AN ENTITY SALE

Class

Income Producing: 1 Retail: 1 Other: 1

Construction Status

Existing: 1

Doors & SqFt

Door Height: 8 Eave Height: 40 Warehouse SF: 37800

None

Current Price: $2,450,000

Status Change Info

Status: Sold Under Contract Date: 2018-05-21 Sold Date: 2018-09-28 Sold Price: $2,450,000

Location Tax and Legal

Area: 13 - Niceville Street #: 216 Street Name: Government Street Suffix: Avenue State: FL Zip Code: 32578 County: Okaloosa Parcel ID: 12-1S-23-0000-0057-0000

Property Features

Class: Income Producing; Retail; Other Construction Status: Existing
Listing Office: La Florida Coastal Properties
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.