Gulf Breeze - Midway Strip Center
Shopping Center
for Sale
| Catylist Listing ID: |
30875851 |
| Property Subtypes: |
Strip Center
|
| Building Size (RSF): |
12,048 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.97 Acres
|
| Sale Price: |
$2,500,000 |
| Unit Price: |
$207.50 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/24/2024 |
Overview / Comments
5241 Gulf Breeze Pkwy is a versatile 12,048 square foot mixed-use office, retail, and conditioned warehouse space. It is currently owner-operated with short-term leases in place, giving a new owner the opportunity to adjust lease rates to current market values, which typically range from $17 to $29 per square foot on NNN leases in a very tight lease market.
Located in the thriving Midway - Navarre area of Gulf Breeze, Florida, the building has been meticulously maintained and has recently undergone capital improvements, including updates to electrical systems, flooring, and the roof. The property boasts 30 parking spots in front of the building, with additional parking available at the rear. The laydown area at the rear of the building offers convenient access for deliveries and extra storage space.
Perfect for investors looking to diversify their portfolio or business owners seeking a strategic location with growth potential, this property is currently occupied by tenants. Please refrain from disturbing them and contact the agent for showing arrangements
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Santa Rosa |
| Taxing Authority: |
Santa Rosa County |
| Tax ID/APN: |
24-2S-28-1150-00100-0160 |
| Zoning: |
HCD |
| Property Located Between: |
directly on HWY 98 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
HWY 98 |
| Feet of Frontage: |
200 |
| Traffic/Vehicle Count: |
35,500 |
| Highway Access: |
Immediate |
| Site Description: |
Developed 12,048 SF commercial building on 1.97 AC parcel. There is signage on HWY 98 to the 35,500 CPD that traval past the location. A decel lane is in place for easy access into the center. Well maintained parking lot across the front and lay down yard, employee parking to the rear |
| Area Description: |
Established commercial trade corridor along the bustling HWY 98 travel route with 35,500 CPD. There are 766 businesses within a 5-mile radius employing 5,259 employees. Total sales for the 5-mile radius through June 2024 is a robust $1,287,644,000. Average home value for homes within a 5-mile radius range from $475,525 through $546,549. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1976 |
| Year Renovated: |
2024 |
| Construction/Siding: |
Modular |
| Parking Type: |
Surface |
| Parking Description: |
There is a nicely maintained parking lot across the front of the property with 30 parking stalls. The side access drive leads to the rear parking lot delivery yard. |
| Total Parking Spaces: |
30 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Interior Description: |
5 Unit Mixed-Use Center consisting of office, retail, and condidtioned warehouse space. |
| Zoning Description: |
Purpose: This district is designed to provide for a wide range of uses in appropriate and easily accessible locations adjacent to major transportation corridors and having access to a wide market area. This district is intended to be situated along selected segments of major thoroughfares in the vicinity of major intersections |
| Lot Frontage: |
200 |
| Lot Depth: |
425 |
| Legal Description: |
in file |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,444 |
14,912 |
24,520 |
| Median Age: |
41.37 |
40.53 |
40.55 |
| Households: |
2,956 |
5,858 |
9,524 |
|
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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.
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