Income Producing Commercial Duplex (Office & Restaurant)

Office for Sale
Catylist Listing ID: 30826756
Property Subtypes: Office Building, Other
Building Size (RSF): 7,000 SF
Sale Price: $2,250,000
Unit Price: $321.43 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.4%
Last Updated: 3/21/2023

Overview / Comments

Income producing commercial duplex (Office & Restaurant) available for purchase in Niceville (Bluewater Bay), FL. This building sits as an outparcel to a grocery anchored shopping center that has tremendous mixed use synergy. This building consists of a brand new 5 year office lease to a Defense Contractor (5200 SF) as well as an existing restaurant space that has been leased to a German concept for quite some time. This space is 1800 SF with an additional 700 SF covered patio & Bier garden).


Finance Data Year 2022
Net Operating Income $144,012 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Okaloosa County
Tax ID/APN: 23-1S-22-0000-0001-004C
Zoning: C - 1
Property Visibility: Good
Year Built: 1999
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,415 20,777 32,839
Median Age: 42.25 44.3 43.34
Households: 2,540 8,186 13,420


Photograph of Listing Agent

Brett Stuart

Taylor Allen Properties LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Chad Knaepple CCIM, SIOR

Taylor Allen Properties LLC Gulf Coast CMLS Member
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