768 E JOHN SIMS Parkway, Niceville, FL 32578 (MLS# 757872)

768 E JOHN SIMS Parkway, Niceville, FL 32578

$435,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 13,068 Status: Sold

Current Price: $465,000 List Date: 7/29/2016 Last Modified: 10/12/2024

Description

VERY WELL MAINTAINED BUILDING IN THE HEART OF NICEVILLE. GREAT MAIN ROAD FRONTAGE, NEW ROOF, AND EXTERIOR PAINT. CURRENTLY IS BEING USED AS A MULTI-TENANT INVESTMENT PROPERTY BRINGING AROUND $50,000 IN REVENUE PER YEAR. 9% CAP RATE. THE PROPERTY CAN ALSO BE CONVERTED INTO AN OWNER-OCCUPANT MODEL.

More Information MLS# 757872

Contract Info

Listing Board: Emerald Coast List Date: 2016-07-29 List Price: $465,000

Location, Tax and Legal

Sub Area: 1305 - Niceville North Legal Description: J W WINDHAM S/DLOTS 11 & 12 BLK 1

General Property Info

Vacant: No Acreage: 0.3

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: VERY WELL MAINTAINED BUILDING IN THE HEART OF NICEVILLE. GREAT MAIN ROAD FRONTAGE, NEW ROOF, AND EXTERIOR PAINT. CURRENTLY IS BEING USED AS A MULTI-TENANT INVESTMENT PROPERTY BRINGING AROUND $50,000 IN REVENUE PER YEAR. 9% CAP RATE. THE PROPERTY CAN ALSO BE CONVERTED INTO AN OWNER-OCCUPANT MODEL.

Class

Retail: 1

Construction Status

Existing: 1

Retail

Scheduled Income: 50000 Actual Gross Income: 50000 # of Units: 5

Other

Year Built: 1976 Building SqFt: 4612 Scheduled Income: 47000 # of Units: 5

None

Current Price: $435,000

Status Change Info

Status: Sold Under Contract Date: 2017-05-15 Sold Date: 2017-06-09 Sold Price: $435,000

Location Tax and Legal

Area: 13 - Niceville Street #: 768 Street Direction: E Street Name: JOHN SIMS Street Suffix: Parkway State: FL Zip Code: 32578 County: Okaloosa Parcel ID: 07-1S-22-2680-0001-0110

Property Features

Class: Retail Construction Status: Existing

Listing Office: 1st City Commercial Real Estate

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.