Navarre Beach Office with Condos

Special Purpose for Sale
Also listed as Hospitality
Catylist Listing ID: 30854677
Building Size (RSF): 2,392 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Property Use Type: Investment
Usable Size (USF): 2,392 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 12/1/2023

Overview / Comments

Unique investment opportunity on Navarre Beach. Take advantage of three income streams with a full-time commercial tenant as well as 2 short-term rentals. Property has been updated since 2019 and has an effective date of 2014. The first floor holds the offices for a local property management company who has just signed a new one year extension to their lease, effective through August 2024. The property management company manages the upper level units, which perform very well and have great reviews.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 28-2S-26-0000-00900-0000
Zoning: NB-C
Property Visibility: Excellent
Largest Nearby Street: Gulf Boulevard
Feet of Frontage: 54
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1988
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Lot Frontage: 54
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM NE COR OF LOT 20 1ST ADDT NAVARRE BEACH (PB 5 PG 95) THN N10 49'27W 120 FT TO NLY R/W LI GULF BLVD THN N79 10'33E ALG R/W 205 FT TO POB THN CONT 50 FT THN N10 49'27W 160 FT THN S79 10'33W 50 FT THN S10 49'27E 160 FT TO POB TOG/W AN EXCL ESMNT ALL AS DES IN OR 3453 PG 1318

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,103 28,525
Median Age: 35.36 36.09
Households: 4,941 10,726


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