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$2,400,000
Est. payment /mo
12,048 SqFt
UPDATED:
12/09/2024 04:51 PM
Key Details
Property Type Single Family Home, Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,048 sqft
Price per Sqft $199
MLS Listing ID 964432
Year Built 1976
Lot Size 1.970 Acres
Acres 1.97
Property Description
5241 Gulf Breeze Pkwy offers an exceptional value-add opportunity for investors. The property is currently owner-operated with short-term leases in place, providing the potential for a new owner to adjust lease rates to align with the highly competitive Gulf Breeze market, where NNN lease rates typically range from $17 to $29 per square foot.Additionally, there is potential for assemblage with the adjacent 0.98-acre HCD-zoned parcel, which, while not currently listed for sale, adds further strategic possibilities for future development.This property is an excellent acquisition for a savvy investor, priced at just $199.20 per square foot in one of the most sought-after markets
Location
State FL
County Santa Rosa
Area 11 - Navarre/Gulf Breeze
Zoning HCD
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Listed by NAI Pensacola