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

View FullscreenMap

Demographic Statistics

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

Contact

© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.