Property Type:
Commercial for Sale
Lot Size (sq. ft.):
155,509
Status:
Active
Current Price:
$4,300,000
List Date:
5/09/2025
Last Modified:
5/09/2025
Description
Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants.
Key Features:
*Total Leasable Area: Approximately 31,486 square feet.
*Land Area: Spanning 3.57 acres.
*Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility.
*Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military
contractors.
*Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income.
*Financing Opportunity:
Supplements: The current loan on the property, with an attractive interest rate of 4.95%, could possibly be assumable. The loan has a balance of approximately $2.3 million and does not have a balloon payment due until May 2027.
This well-maintained complex offers significant potential for investors seeking a steady revenue stream and the opportunity to own a prominent commercial property in the heart of Shalimar. Don't miss out on this rare opportunity to acquire a key asset in a high-demand area.
*Broker has ownership interest in property.
Listing Office: ERA American Real Estate
Last Updated: May - 09 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.