Retail Property with 2 Structures, Zoned MU

Retail-Commercial for Sale
Catylist Listing ID: 30871658
Property Subtypes: Free-Standing Building
Building Size (RSF): 1,934 SF
Gross Land Area: 1.36 Acres
Sale Price: $499,000
Unit Price: $258.01 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2024

Overview / Comments

Commercial retail building with detached oversized 2-door garage on +/-1.36 Acres, Zoned Mixed Use available for purchase in south Crestview with 181 feet of road frontage on Live Oak Church Rd and onsite parking with +/-15 spaces. This site is surrounded by storage facilities, retail, office and residential subdivisions. Less than 0.5 of a mile to Hwy 85 and 0.8 of a mile to I-10. Demographics within a 5 mile radius include a Total Population of 34,009 and an Average Household Income of $63,959.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Unincorporated County (1)
Tax ID/APN: 32-3N-23-0000-0010-0000
Zoning: MU
Retail Clientele: General, Family, Business, Traveler
Property Located Between: John King Rd and Cassady Ln
Property Visibility: Excellent
Largest Nearby Street: S. Ferdon Blvd (Hwy 85)
Traffic/Vehicle Count: 41,000
Highway Access: Less than 0.5 of a mile to Hwy 85 and 0.8 of a mile to I-10.
Airports: Destin/Fort Walton Beach Airport (VPS), Bob Sikes Airport (CEW)
Site Description: +/-1.36 acres with commercial building and detached oversized 2 car garage located in south Crestview. Parcel is 181 x 366 x 131 x 183 x 261. Parcel is surrounded by commercial businesses and storage facilities.
Area Description: Crestview is the county seat of Okaloosa County, and is designated as the Hub City” as it is located at the junction of three major highways” US Hwy 90 (US 90), State Road 85 (SR 85) and Interstate 10 (I-10). As identified in the 2015 Florida Defense Factbook, Eglin Air Force Base, housed in Okaloosa County, is the largest military installation in the Department of Defense. Duke Field, located on SR 85, is the home of the 919th Special Operation Wing. The Economic Development Council of Okaloosa estimated in 2017 the military presence of Duke’s Total Economic Impact in the Community at $51 million annually. Bob Sikes Airport supports a mix of general aviation, defense and industrial aerospace corporations with its 8,000 foot runway with an instrument landing system (ILS) and available acreage on and off airport for lease.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1980
Year Renovated: 2018
Roof Type: Hip
Construction/Siding: Brick
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 181
Lot Depth: 366
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: COM SW COR OF NE1/4 OF NE1/4 N 188.84FT TO POB CONT N 131.46FT N 82 DEG E 366.61FT TO W R/W LIVE OAK CHURCH RD THC SELY ALG R/W 184.84FT W 444.7FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,249 19,342 31,154
Median Age: 32.97 33.21 34.03
Households: 1,137 7,161 11,424

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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