8438 Gulf Boulevard, Navarre, FL 32566 (MLS# 958325)

8438 Gulf Boulevard, Navarre, FL 32566

$920,000

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Property Type: Commercial for Sale Lot Size (sq. ft.): 7,841 Status: Sold

Current Price: $1,100,000 List Date: 9/03/2024 Last Modified: 12/19/2024

Description

Well maintained commercial building on Navarre Beach currently holding 3 separate rental options. The first floor is occupied by a property management company with a consistent, long-term record of income and a lease up for renewal in November. The second floor currently comprised of two short or long term rental units, nicely updated and furnished with a record of consistent rental income. The building itself is the only commercial building currently available on Navarre Beach and has been updated with a significant investment in decking, stucco repair, roof rerolled within past 5 years and updates to accommodate property management company. The three separate units provide over $100,000 in gross rental income annually.

More Information MLS# 958325

Contract Info

GCCMLS Number: 30877104 Listing Board: Emerald Coast List Date: 2024-09-03 List Price: $1,100,000

Location, Tax and Legal

Sub Area: 1101 - Navarre Beach Legal Description: COM NE COR OF LOT 20 1ST ADDT NAVARRE BEACH (PB 5 PG 95) OF SECTION 28 TOWNSHIP 2 SOUTH RANGE 26 WEST THN N10 49'27''W 120 FT TO NLY R/W LI GULF BLVD THN N79 10'33''E ALG R/W 250 FT TO POB THN CONT 50 FT THN N10 49'27''W 160 FT THN S79 10'33''W 50 FT THN S10 49'27''E 160 FT TO POB TOG/W AN EXCL ESMNT ALL AS DES IN OR 3825 PG 411

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Lot Frontage: 54 Acreage: 0.18

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: Well maintained commercial building on Navarre Beach currently holding 3 separate rental options. The first floor is occupied by a property management company with a consistent, long-term record of income and a lease up for renewal in November. The second floor currently comprised of two short or long term rental units, nicely updated and furnished with a record of consistent rental income. The building itself is the only commercial building currently available on Navarre Beach and has been updated with a significant investment in decking, stucco repair, roof rerolled within past 5 years and updates to accommodate property management company. The three separate units provide over $100,000 in gross rental income annually.

Class

Income Producing: 1 Office: 1 Other: 1

Construction Status

Existing: 1

Office

Year Built: 1988 Building SqFt: 2392 Property Type: Low Rise Unit SqFt: 1196 Vacancy Rate: 0 Scheduled Income: 55320 # of Units: 1

Income Producing

Year Built: 1988 Annual Gross Income: 111003.96 Property Type: Other (See Remarks)

Other

Year Built: 1988 Unit SqFt: 598 Scheduled Income: 55683.96 # of Units: 2

None

Current Price: $920,000

Status Change Info

Status: Sold Under Contract Date: 2024-10-11 Sold Date: 2024-12-18 Sold Price: $920,000

Location Tax and Legal

Area: 11 - Navarre/Gulf Breeze Street #: 8438 Street Name: Gulf Street Suffix: Boulevard State: FL Zip Code: 32566 County: Santa Rosa Parcel ID: 28-2S-26-0000-00900-0000

Property Features

Class: Income Producing; Office; Other Construction Status: Existing

Listing Office: Exit Realty Anchor South

Last Updated: December - 19 - 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.