$850,000
$925,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
4,866 SqFt
SOLD DATE : 05/17/2024
Key Details
Sold Price $850,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,866 sqft
Price per Sqft $174
MLS Listing ID 942324
Sold Date 05/17/24
Lot Size 0.320 Acres
Acres 0.32
Property Description
Freestanding 2 story office / retail building centrally located in Niceville, FL. This 5-unit commercial building is fully leased to tenants such as MJ's Coffee, Comfort Keepers & American Fence. Each of the 5 units are separately metered for Power & Water. A new standing seam metal roof was added in 2017 and is in great shape. This concrete block building is very well built, and the location gives amazing visibility to all its tenants. The current traffic count from FDOT is 38,000 cars per day. The site is .32 acres and has 16 parking spaces on property. There is a current handshake deal for additional parking on an adjacent property to the north. A proforma rent roll shows a Net Operating Income of $65,000, which provides a 7% CAP Rate.
Location
State FL
County Okaloosa
Area 13 - Niceville
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