6 11Th Avenue, Shalimar, FL 32579
$4,600,000
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
13,504
Status:
Sold
Current Price:
$4,600,000
List Date:
1/09/2024
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 939656
Status Change Info
- Under Contract Date
- 2024-02-28
- Sold Date
- 2024-04-04
Contract Info
- GCCMLS Number
- 30864664
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 12 - Fort Walton Beach
- Street #
- 6
- Street Name
- 11Th
- Street Suffix
- Avenue
- State
- FL
- Zip Code
- 32579
- County
- Okaloosa
- Parcel ID
- 05-2S-23-2080-0119-0260
General Property Info
- Listed on GCCMLS
- Yes
- Description
- Low-Rise Office Center
- Property Information
- Income Producing
- Vacant
- No
- Immediate Occupancy
- No
- Acreage
- 0.31
More Information
Office
- # of Units
- 29
Location, Tax and Legal
- Sub Area
- 1210 - Shalimar
- Property Name
- Shalimar Town Center
- Legal Description
- PORT DIXIE LOTS 26 TO 28 INC BLK 119 PRO-RATA HX DUE TO RENTAL OF OTHER UNITS
Listing Info, Tax & Legal
- As Is
- No
Remarks & Misc
- Remarks
- Shalimar Town Center encompasses a total area of 39,000+ square feet, maintaining a 100% lease occupancy and generating consistent income. With an impressive cap rate projection of 7%, the structure seamlessly integrates six buildings into a cohesive professional office center. Tenant highlights include full occupancy, with the exception of one space currently utilized as a maintenance staff office. The diverse tenant mix ensures stability and reliability in income generation. Strategically situated in Shalimar, FL, the prime real estate location is in close proximity to key destinations, including the Destin-Fort Walton Beach Airport (10 minutes), the vibrant city of Destin (14 miles), Eglin Air Force Base (5 miles), and Hurlburt Field Air Force Base (6 miles).
Class
- Income Producing
- Yes
- Office
- Yes
Construction Status
- Existing
- Yes
Property Features
Class:
Income Producing; Office
Construction Status:
Existing
Listing Office:
LPT Realty LLC
Last Updated: February - 10 - 2026
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.