410 & 412 Government Avenue, Valparaiso, FL 32580
$2,500,000
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
130,680
Status:
Sold
Current Price:
$2,500,000
List Date:
3/18/2021
Last Modified:
10/12/2024
Overview
Description
Listing Details MLS# 842230
Status Change Info
- Under Contract Date
- 2021-04-29
- Sold Date
- 2021-07-23
Contract Info
- GCCMLS Number
- 30581704
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 13 - Niceville
- Street #
- 410 & 412
- Street Name
- Government Avenue
- State
- FL
- Zip Code
- 32580
- County
- Okaloosa
- Parcel ID
- 12-1S-23-253E-0023-0010; 12-1S-23-253E-0023-0060
General Property Info
- Listed on GCCMLS
- Yes
- Vacant
- No
- Immediate Occupancy
- No
- Acreage
- 3
- CAM
- 3.25
- CAM Per
- Year
Income Producing
- Building SqFt
- 24972
- Net Operating Income
- 242005
- Cap Rate
- 8.96
More Information
Office
- # of Units
- 7
Retail
- Net Operating Income
- 242005
- Cap Rate
- 8.96
- # of Units
- 7
Location, Tax and Legal
- Sub Area
- 1302 - Valp No of Tom's Bayou
- Property Name
- Pointe Plaza / Child Network
- Legal Description
- 3 acres with 24972 SF office / retail center along with freestanding Childcare Network.
Listing Info, Tax & Legal
- As Is
- Yes
Remarks & Misc
- Remarks
- Income Producing Retail Properties being sold together with long tenant history. These properties are located in Northwest Florida just outside the gates of Eglin Air Force Base. Pointe Plaza, is an Inline Strip center that is 19,282 SF with a solid mix of retail & office tenants. The adjacent property, Childcare Network (5690 SF) has been leased to the same tenant since the 1985, when the building was built. Both properties operate seamlessly adjacent to each other. This is a great investment opportunity with a good mix of established tenants as well as new tenants with new 5 year lease terms. We currently only have 1 vacancy of 2,000 SF. Call me for more information and I can send you a Marketing Flyer and rent roll.
Class
- Income Producing
- Yes
- Office
- Yes
- Retail
- Yes
Construction Status
- Existing
- Yes
Property Features
Class:
Income Producing; Office; Retail
Construction Status:
Existing
Listing Office:
Taylor Allen Properties LLC
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.