5660 Gulf Breeze Parkway, Gulf Breeze, FL 32563
$4,608,277
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
202,118
Status:
Sold
Current Price:
$4,608,277
List Date:
5/04/2022
Last Modified:
10/13/2024
Overview
Description
Listing Details MLS# 897511
Status Change Info
- Under Contract Date
- 2022-05-12
- Sold Date
- 2022-08-01
Contract Info
- GCCMLS Number
- 30801030
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 11 - Navarre/Gulf Breeze
- Street #
- 5660
- Street Name
- Gulf Breeze
- Street Suffix
- Parkway
- State
- FL
- Zip Code
- 32563
- County
- Santa Rosa
- Parcel ID
- 19-2S-27-0000-02300-0000
General Property Info
- Listed on GCCMLS
- Yes
- Description
- Midway Plaza Multi Tenant Sale
- Property Information
- First Time Ever Offered on the market by the original owner/developer. This is an extremely well maintained 4 building asset that is built out to house office, retail and warehouse tenants. The tenants have been carefully qualified over the years and there is a great tenant mix of shops and a real vibrancy to the center. The property is 100% occupied and the center enjoys great exposure on HWY 98
- Vacant
- No
- Immediate Occupancy
- No
- Acreage
- 4.64
- Lot Frontage
- 470
- Lot Depth
- 482
- Zoning
- M1
Income Producing
- Year Built
- 2002
- Price P/SqFt
- 96.7
More Information
Other
- Year Built
- 2002
- Building SqFt
- 53256
- Net Operating Income
- 357823
- Cap Rate
- 6.95
- # of Units
- 20
- Vacancy Rate
- 0
Location, Tax and Legal
- Sub Area
- 1106 - Midway/Tiger Point
- Property Name
- Midway Plaza Investment Sale
- Legal Description
- In File
Listing Info, Tax & Legal
- As Is
- No
Remarks & Misc
- Remarks
- Investment Opportunity- This is the first time to market for this well maintained professionally managed center by the original owner/developer. Extremely well maintained asset has been properly managed through the years with a fantastic mix of qualified long-term tenants in place. Projected NOI for 2022 is $357,823. 18
Class
- Income Producing
- Yes
- Other
- Yes
Construction Status
- Existing
- Yes
Property Features
Class:
Income Producing; Other
Construction Status:
Existing
Documents
Marketing Brochure ›
Listing Office:
NAI Pensacola
Last Updated: October - 13 - 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.