For Sale
$2,400,000

5241 Gulf Breeze PkwyGulf Breeze, FL 32563

Gulf Breeze - Midway Strip Center

Source: https://www.saltercompany.com

Overview

Added:
Feb 3
Days on market:
61
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.

With the recent price adjustment, 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

Property Details for 5241 Gulf Breeze Pkwy

Property type
Retail properties, Investment properties
Investment Type
net-lease
Square Feet
12,048 SF
Price / Square Foot
$199.20
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
12,048 SF
Lot Size (sq. ft)
13,692 SF

Location Insight

City
Gulf Breeze
County
Santa Rosa
State
Florida

FAQs

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5241 Gulf Breeze Pkwy
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