UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 155,509 sqft
Price per Sqft $27
MLS Listing ID 957383
Lot Size 3.570 Acres
Acres 3.57
Source Emerald Coast Association of REALTORS®
Property Description
Key Features:
*Total Leasable Area: Approximately 31,486 square feet.
*Land Area: Spanning 3.57 acres.
*Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility.
*Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military
contractors.
*Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income.
*Financing Opportunity: The current loan on the property, with an attractive interest rate of 4.95%, could possibly be assumable. The loan has a balance of approximately $2.3 million and does not have a balloon payment due until May 2027.
This well-maintained complex offers significant potential for investors seeking a steady revenue stream and the opportunity to own a prominent commercial property in the heart of Shalimar. Don't miss out on this rare opportunity to acquire a key asset in a high-demand area.
*Broker has ownership interest in property.
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Direction From Eglin Parkway (hwy 85) turn east on 9th Avenue. Complex is on the right.
Exterior
Garage No
Building
Faces From Eglin Parkway (hwy 85) turn east on 9th Avenue. Complex is on the right.
New Construction No
Others
Pets Allowed No
Tax ID 05-2S-23-2080-0086-0010
Miscellaneous Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants. Key Features: *Total Leasable Area: Approximately 31,486 square feet. *Land Area: Spanning 3.57 acres. *Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility. *Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military contractors. *Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income. *Financing Opportunity:
Nearby Locations
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