Property Type:
Commercial for Sale
Lot Size (sq. ft.):
13,939
Status:
Sold
Current Price:
$925,000
List Date:
3/25/2024
Last Modified:
10/13/2024
Description
Freestanding 2 story office / retail building centrally located in Niceville, FL. This 5-unit commercial building is fully leased to tenants such as MJ's Coffee, Comfort Keepers & American Fence. Each of the 5 units are separately metered for Power & Water. A new standing seam metal roof was added in 2017 and is in great shape. This concrete block building is very well built, and the location gives amazing visibility to all its tenants. The current traffic count from FDOT is 38,000 cars per day. The site is .32 acres and has 16 parking spaces on property. There is a current handshake deal for additional parking on an adjacent property to the north. A proforma rent roll shows a Net Operating Income of $65,000, which provides a 7% CAP Rate.
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 2024
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