This exceptional Class A retail building, located at 3123 Gulf Breeze Parkway in Gulf Breeze, Florida, presents a unique investment opportunity. Boasting 30,062 square feet across two and a half stories, this 2008-built structure sits on a 1.8-acre lot with 189 feet of prime frontage on a high-traffic corridor (approximately 59,000 vehicles daily). The building features a stylish stucco exterior, a durable metal roof, and a well-maintained, landscaped parking lot with 62 spaces. The interior includes 10,497 square feet of climate-controlled main floor space with 10-foot ceilings, and a spacious second floor offering 14,400 square feet with approximately 30-foot ceilings. A finished, climate-controlled basement adds another 5,165 square feet, including a large 3,902 square foot area with 23-foot eave height. The property is zoned HCD and benefits from a wet sprinkler system, security system, and fluorescent lighting. Currently vacant with an occupancy date of October 7, 2024, this property is ideal for owner-users seeking a prominent location in a thriving retail market. The building's efficient floor plan and high-quality construction make it an attractive option for a variety of retail uses. The Gulf Breeze area shows strong growth potential, with a high median home price and projected appreciation. This is a rare opportunity to acquire a substantial retail property in a highly desirable location with excellent visibility and ample parking. The asking price is $4,850,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$6,869,563
6.5%
$6,341,136
7%
$5,888,197
Comparable approach
Method
Valuation
Relative Method
$5,885,122
Geo Method
$6,181,460
Alternative Use
Use
Valuation
Residential
$5,348,985
Hospitality
$4,899,642
Educational
$4,076,444
Medical
$4,216,640
Retail
$6,341,136
Location Insight
City
Gulf Breeze
County
Santa Rosa
State
Florida
Latitude
30.3851
Longitude
-87.0937
CBSA code
37860
CBSA name
PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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