Catylist ID:
#30708942
| Catylist Listing ID: | 30708942 |
| Property Subtypes: | Business Park, Governmental, Flex Space, Office Building |
| Condo? | Yes |
| Building Size (RSF): | 1,833 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $320,000 |
| Property Use Type: | Net Leased Investment (NNN) |
| Building Name: | BUILDING A, FREEPORT BUSINESS PARK |
| Class of Space: | Class B |
| Sale Terms: | Other |
| Sealed Bids: | Yes |
| Call for Offers: | Yes |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/18/2021 |
Overview / Comments
|
Flex space currently occupied end cap suite in Freeport Office Park. Suite is of 1,833 +/- SF. It is currently occupied by Tenant that leases the adjacent suite. Currently there is no existing demising wall between the the two separately owned units. Freeport Business Park is predominantly owned by Walton County, with few other condominium owners. Existing Lease with regional Church congregation expires 1st Quarter of 2022. Interior is improved and used as Church meeting space with very favorable decor, finishes and trim. Beyond large congregatiopnal area, the space offers two large playrooms, an office, and bathroom. Roll up door in rear of space has been privacy covered, but can easily be accessed and utilized. Business Park is located at the intersction of major highway crossroads of Hwy.331 and Hwy 20, two coastal feeder routes. |
Additional Details
| Nearest MSA: | Crestview-Fort Walton Beach-Destin |
| County: | Walton |
| Taxing Authority: | Walton County |
| Tax ID/APN: | 14-1S-19-23010-00A-0010 |
| Is Condo?: | Yes |
| Property Located Between: | Hwy 331 at Hwy 20 |
| Property Visibility: | Excellent |
| Highway Access: | immediate access to heavy traffic, lit intersection, then to both Highways, 331 & 20. |
| Site Description: | In Line office suites facing north , road frontage |
| Area Description: | NW Florida's expanding Walton County offers a Freeport FL mixed use submarket property with exceptional access and convenience to the entire County. Highway 331 leads traffic north to Interstate 10 or southerly to the resort Beaches and of South Walton. Coastal Hwy 20 directs heavy traffic from neighboring Niceville to NW Florida's heralded Northwest Florida Beaches International Airport. |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 1,800 SF |
| Year Built: | 2007 |
| Roof Type: | Arched |
| Construction/Siding: | Block |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Ceiling Units |
| Air Conditioning: | Other |
| Interior Description: | Open reception are with offices leads to rear of space and large meeting, congregational area. |
| Zoning Description: | City Freeport, UD: URBAN DEVELOPMENT |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | UNIT 1 FREEPORT BUSINESS PARK PB 18-55 OR 2781 PG 4190 (BUILDING A) OR 2790-2518 OR 3038-4519 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 1,026 | 4,624 |
| Median Age: | 43.35 | 39.77 |
| Households: | 442 | 1,906 |
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