737 NW Beal Parkway, Fort Walton Beach, FL 32547 (MLS# 834680)

737 NW Beal Parkway, Fort Walton Beach, FL 32547

$2,400,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 43,560 Status: Sold

Current Price: $2,800,000 List Date: 12/07/2020 Last Modified: 10/12/2024

Description

Incredible Income Producing strip center located among tremendous retail synergy in NW Fort Walton Beach. This property sits on the SE corner of Beal Parkway & Lewis Street. This lighted intersection is shared with ChickFila, WalMart, Sam's and Advanced Auto Parts. This 14975 SF retail building is home to Sleep Center, Pinch A Penny Pools Supply and InstaLoan. Each of these tenants have been in this location for approximately 10 years. All tenants have additional options to renew its lease. Additionally, the property has a large billboard leased to Lamar Advertising. Call me to discuss the building and the tenant details at your convenience.

More Information MLS# 834680

None

Current Price: $2,400,000

Status Change Info

Status: Sold Under Contract Date: 2021-01-19 Sold Date: 2021-02-24 Sold Price: $2,400,000

Contract Info

GCCMLS Number: 1111111 List Date: 2019-11-04 List Price: $2,800,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 737 Street Direction: NW Street Name: Beal Street Suffix: Parkway State: FL Zip Code: 32547 County: Okaloosa Parcel ID: 03-2S-24-0000-0221-0000

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Acreage: 1 Lot SqFt: 43500 Lot Frontage: 217 Lot Depth: 200

Income Producing

Building SqFt: 14975 Net Operating Income: 203248 Cap Rate: 7.2 Property Type: Retail

Retail

Year Built: 1987 # of Units: 4

Property Features

Class: Income Producing; Retail Construction Status: Existing

Documents

Site Plan ›

Listing Office: Taylor Allen Properties LLC

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.