Gulf Breeze Investment Property
Shopping Center
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30872560 |
| Property Subtypes: |
Community Center, Neighborhood Center, Strip Center
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
10,300 SF
|
| Gross Land Area: |
1.34 Acres
|
| Sale Price: |
$1,200,000 |
| Unit Price: |
$116.50 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Investment |
| Building Name: |
Bluewater Plaza |
| Usable Size (USF): |
10,300 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.55% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
7/3/2024 |
Overview / Comments
|
VALUE ADD INVESTMENT PROPERTY located in Gulf Breeze! This is a 5-tenant shopping center located along Hwy. 98, directly across from Tiger Point subdivision.... Current cap rate is around 6.55%, yet with the ability to increase sooner, rather than later....! Building has a mixture of retail/office/warehouse. Prospective buyers/agents must sign an NDA prior to releasing financials. Rooftops surround the area with a current traffic count of 38,500 AADT (2023 FDOT). Parking lot had an overlay in 2023. Rare opportunity to purchase along the bustling Hwy. 98 in Gulf Breeze! DRG Featured!
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Santa Rosa |
| Taxing Authority: |
Santa Rosa County |
| Tax ID/APN: |
27-2S-28-0180-00A00-0140 |
| Zoning: |
HCD |
| Retail Clientele: |
General |
| Property Located Between: |
Gulf Breeze and Midway |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hwy. 98 |
| Feet of Frontage: |
210 |
| Traffic/Vehicle Count: |
38,500 |
| Highway Access: |
Fronts Hwy. 98 |
| Airports: |
Pensacola International Airport |
| Area Description: |
Located along Hwy. 98, directly across the highway from Tiger Point Country Club and subdivision. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
10,300 SF |
| Property Condition: |
Good |
| Year Built: |
1997 |
| Construction/Siding: |
Brick/Aluminum Siding |
| Exterior Description: |
Has a brick facade and metal paneling for the remainder. |
| Parking Type: |
Surface |
| Parking Description: |
Plenty of parking and just had a brand new overlay and re-striped. |
| Total Parking Spaces: |
33 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
5-tenant shopping center. Mixture of retail/restaurant/office/showroom and warehouse. |
| Zoning Description: |
HCD (Highway Commercial Development District); Zoning appropriate for type of existing tenants in place... |
| Lot Frontage: |
210 |
| Lot Depth: |
300 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
| Legal Description: |
BAL ALEX ESTATES LOTS 14 15 BLK A AS DES INOR 1577 PG 844 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,462 |
14,838 |
23,758 |
| Median Age: |
44.65 |
42.97 |
42.97 |
| Households: |
1,792 |
6,065 |
9,599 |
|
© Copyright 2024 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.
|
