3123 Gulf Breeze PkwyGulf Breeze, FL 32563

Property Details for 3123 Gulf Breeze Pkwy

Year built

2008

Construction

STEEL FRAME

Lot size

1.80 AC

Property size (Sq ft)

34,505 SF

Zone code

HCD

Property type

Retail properties

Property subtype

Other individual retail properties

APN

30-2S-28-0000-00800-0000

APU

302S280000008000000

Description

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.

• 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

Property Tax & Assessments

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