6479 Caroline Street, Milton, FL 32570

$1,175,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 261,360 Status: Sold
Current Price: $1,399,000 List Date: 5/08/2019 Last Modified: 10/12/2024

Description

Investors Dream! FULLY LEASED! 7.5% Cap Rate. Perfect for owner who desires income stream from Class A tenants. Two years left on NNN lease to Covenant Hospice (5,856 SF). Three years left on NNN lease to Spectrum House, Inc. (4,584 SF). Located on primary travel corridor in Milton, FL. Milton is the county seat of Santa Rosa County and is located in the Pensacola Metropolitan Area. Santa Rosa County is one of the fastest growing counties in Florida. Milton is located in the geographic center of Santa Rosa County; it is bordered by Pace to the West and the Blackwater River to the East.

Supplements: MILTON, FL QUALIFIED OPPORTUNITY ZONE ("QZONE") In late 2017, President Trump signed into law the tax cuts and jobs act of 2017. The Act allows for investors to re-invest assets otherwise subject to taxable gain. If an investment is held for 10-years, the appreciation on the investment is not subject to federal income tax. (Consult your tax advisor for additional information).

More Information MLS# 822354

None

Current Price: $1,175,000

Status Change Info

Status: Sold Under Contract Date: 2019-12-18 Sold Date: 2020-02-28 Sold Price: $1,175,000

Contract Info

GCCMLS Number: 30424043 List Date: 2019-05-06 List Price: $1,399,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 10 - North Santa Rosa County Street #: 6479 Street Name: Caroline Street Suffix: Street State: FL Zip Code: 32570 County: Santa Rosa Parcel ID: 09-1N-28-0000-02100-0000

General Property Info

Listed on GCCMLS: Yes Acreage: 6 Lot Frontage: 116.68 Lot Depth: 1235.46 Zoning: HCD

Income Producing

Property Type: Office

Property Features

Class: Income Producing

Documents

Listing Office: NAI Pensacola
Last Updated: October - 12 - 2024
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.

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