5241 Gulf Breeze Parkway Active Save Request In-Person Tour Request Virtual Tour
Gulf Breeze,FL 32563
Key Details
Property Type Single Family Home, Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,048 sqft
Price per Sqft $190
MLS Listing ID 964432
Year Built 1976
Lot Size 1.970 Acres
Acres 1.97
Property Sub-Type Retail
Property Description
5241 Gulf Breeze Pkwy offers an exceptional value-add opportunity for investors. The property is currently owner-operated with short-term leases in place, providing the potential for a new owner to adjust lease rates to align with the highly competitive Gulf Breeze market, where NNN lease rates typically range from $17 to $29 per square foot. The current owner would lease back his portion of the space for a term to be negotiated with new owner.Additionally, there is potential for assemblage with the adjacent 0.98-acre HCD-zoned parcel, which, while not currently listed for sale, adds further strategic possibilities for future development.This property is an excellent acquisition for a savvy investor, priced at just $190.20 per square foot in one of the most sought-after markets
Location
State FL
County Santa Rosa
Area 11 - Navarre/Gulf Breeze
Zoning HCD