27 Azalea DrCrawfordville, FL 32327

Property Details for 27 Azalea Dr

Year built

2007

Lot size

2.06 AC

Property size (Sq ft)

13,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 13,000-square-foot retail shopping center in Crawfordville, Florida, presents a compelling value-add investment opportunity. Located at 27 Azalea Dr, 32327, this Class B property, built in 2007 and renovated in 2020, comprises two single-story buildings on a 2.06-acre lot. Currently operating at 77% occupancy with a gross lease structure, the property features a diverse tenant mix, including several short-term tenants paying below-market rent, offering immediate potential for income growth. A significant 4,000 square feet of vacant space, suitable for a restaurant, is available for lease or owner-occupancy. The asking price is $1,975,000, representing a 5.28% cap rate. The property benefits from rent bumps and is zoned for commercial use. With a fee simple ownership and no ground lease, this asset offers significant upside potential for savvy investors. The property's strong location in Wakulla County, Florida, combined with its current tenant base and substantial vacant space, makes it an attractive investment prospect. The remaining lease term on existing tenants is one year. This is a multi-tenant property with the potential for significant rental increases.

Location Insight

City

Crawfordville

County

Wakulla

State

Florida

Latitude

30.1929

Longitude

-84.3729

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].