5241 Gulf Breeze Pkwy Gulf Breeze, FL 32563

This 12,048 square foot shopping center in Gulf Breeze, Florida, presents a compelling value-add opportunity. Located on Gulf Breeze Parkway, this single-story, 1976-built property underwent renovations in 2024, including electrical, flooring, and roof upgrades. Currently 100% occupied by five tenants under NNN leases, the property offers significant upside potential by adjusting lease rates to market values ($17-$29/SF NNN). The 1.97-acre lot includes 30 on-site parking spaces and a rear laydown area for convenient deliveries and storage. The HCD zoning allows for flexibility, and there's potential for assemblage with an adjacent 0.98-acre parcel (not currently for sale). The property benefits from a strong location in a thriving commercial corridor with high traffic counts (35,500 CPD) and robust surrounding business activity and high average home values. Financial data for the surrounding 5-mile radius shows 766 businesses employing 5,259 people, with total sales exceeding $1.2 billion through June 2024. This well-maintained center is ideal for investors seeking to capitalize on a tight leasing market and strong local economy. The asking price is $2,500,000 ($207.50/SF).