Description
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: 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.
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0BEDS
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3.57ACRES
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01/2 BATHS
School Ratings & Info
Description
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: 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.
© 2024 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Vendor Member number: 28178. Data last updated: 2024-10-05T07:04:22.483.
Vendor Member #28178.