797 Ferdon BlvdCrestview, FL 32536

Property Details for 797 Ferdon Blvd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

2,906 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

17-3N-23-2490-0139-0050

APU

173N23249001390050

Description

This 1,734 sq ft freestanding retail building, located at 797 S Ferdon Blvd in Crestview, Florida (32536), is available for $425,000 ($245.10/sq ft). Built in 1985, this C-1 zoned property offers a prime location at a hard corner with three-way road access and a traffic light. The building features a showroom, a firewall shop, central heat and air, a metal roof, and substantial covered outdoor storage. Its strategic location at the south end of Main Street makes it highly visible and accessible. The property is ideal for a variety of businesses, including drive-through restaurants, auto shops, or small engine repair. Occupancy is available August 15, 2024. This high-traffic area ensures excellent visibility and accessibility for potential customers. The building's features and zoning flexibility provide a versatile space for a wide range of commercial uses. Don't miss this opportunity to own a well-located commercial property in a thriving Florida community.

• CAP approach

  CAP return

  Valuation

  6%

  $578,552

  6.5%

  $534,048

  7%

  $495,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,643

  Geo Method

  $520,601

• Alternative Use

  Use

  Valuation

  Residential

  $450,490

  Hospitality

  $412,646

  Educational

  $343,317

  Medical

  $355,124

  Retail

  $534,048

Location Insight

City

Crestview

County

Okaloosa

State

Florida

Latitude

30.7528

Longitude

-86.5636

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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