Features & Amenities

Interior

Area & Lot

  • Lot Size(acres)

    3.57

  • Property Type

    Commercial Sale

Exterior

  • Garage

    No

Financial

  • Sales Price

    $4,300,000

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Location

County

Okaloosa

Elementary School

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High School

Listing Courtesy of Keith R Wood , ERA American Real Estate

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KarenHolder

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Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants.Key Features:*Total Leasable Area: Approximately 31,486 square feet.*Land Area: Spanning 3.57 acres.*Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility.*Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for militarycontractors.*Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income.*Financing Opportunity: The current loan on the property, with an attractive interest rate of 4.95%, could possibly be assumable. The loan has a balance of approximately $2.3 million and does not have a balloon payment due until May 2027.

This well-maintained complex offers significant potential for investors seeking a steady revenue stream and the opportunity to own a prominent commercial property in the heart of Shalimar. Don't miss out on this rare opportunity to acquire a key asset in a high-demand area.

*Broker has ownership interest in property.

60 2nd Street

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