5241 Gulf Breeze Parkway

Gulf Breeze, FL 32563

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 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

Listing courtesy of Theresa G Davis of NAI Pensacola



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Data last updated at: 2024-07-22 06:25 PM UTC