Freeport Business Park

Office for Sale
Call for Offers
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)
Class of Space: Class B
Sale Terms: Other
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 1/20/2022

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,026 4,624
Median Age: 43.35 39.77
Households: 442 1,906


Photograph of Listing Agent

Phil Sherrill

Beau Box Florida LLC Gulf Coast CMLS Member
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