Property Type:
Commercial for Sale
Lot Size (sq. ft.):
49,223
Status:
Sold
Current Price:
$985,000
List Date:
3/25/2022
Last Modified:
10/13/2024
Description
This Lot is being sold with MLS #894055 Zoned C2 .Crestview Ave. Zoned R3 has 14 mobile homes and 14 water taps paid. Madison St. Has 10 mobile homes, 4 RV Slots, 1 water tap and 10 sewer taps. This collection of park owned homes in one of the best markets for rental property in the Panhandle, Value-add property that has low rents, high occupancy, and needs little capital infusion. The Niceville rental market has experienced double digit rent growth for several years and most analyzers agree that trend will continue. This is a chance to get into that market at a low per unit price and still be able to capture the rent growth. This location is surrounded by new single family construction, shopping and schools. List price is for both lots combined.
Supplements: A 25' portion of the property/right of way of Hickory Avenue adjoining 647 Crestview Avenue Parcel No 05-1S-22-256B-0052-0000, zoning of c-2 based on its adjoining parcel.
Listing Office: Keller Williams Realty Nville
Last Updated: October - 13 - 2024
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