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5241 Gulf Breeze Parkway, Gulf Breeze, FL 32563

$2,600,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 129,373 Status: Active
Current Price: $2,600,000 List Date: 12/09/2024 Last Modified: 4/07/2025

Description

Positioned for success along one of Gulf Breeze's highest value trade corridors, this 2.94-acre property offers a rare investment opportunity with 306 feet of prime frontage on Highway 98—boasting a traffic count exceeding 40,000 CPD. Located in a rapidly growing and highly competitive market, this asset delivers exceptional visibility and access in a thriving commercial district. The 12,048 SF mixed-use building is owner-occupied, offering a clear value-add opportunity for investors to bring lease rates up to market, where NNN rents currently range from $17 to $29 PSF. With demand for quality space outpacing supply, this property is ideally positioned to deliver long-term growth and solid returns.

Supplements: With the addition of a 0.97-acre adjoining parcel, the total site now spans 2.94 acres of HCD-zoned land offering 306 feet of prime frontage along Gulf Breeze Parkway (Hwy 98) and a depth of 443 feet. This exceptional property is strategically positioned in one of the fastest-growing areas of Santa Rosa County, surrounded by robust residential growth, national retailers, and major infrastructure investments. Property Highlights: Adjoining parcel included, bringing the total to 2.94 ACideal for future build-out or pad site addition. Owner-User or Investor Flexibility Suits both investment strategies or a hybrid modeluse one portion, lease the rest. Income Growth Potential: Ideal for repositioning, the property is currently owner-occupied with short-term leases, allowing the buyer to re-tenant and capitalize on Gulf Breeze's rising rental rates ($17-$29/SF NNN)." Less than 1.5 miles from the future $110M Soundside High School, set to open in 2025 -2026 and expected to serve over 1,800 students. Close to a $6MM 15-acre future soccer complex funded by Santa Rosa County featuring: NCAA regulation and urban soccer fields, Futsal courts, Concessions, restrooms, parking, playgrounds, and multi-use trails; Phase 1 of construction is currently underway with a projected $6M-$9M investment. Surrounded by major national retailers including Walmart, Publix, Lowe's, Walgreens, Zaxby's, Starbucks, and moreall within one mile. Strong market demographics: 5-mile radius population: 31,269 Over 854 businesses employing nearly 6,000 people $1B+ in total annual sales volume (2024) Perfect for investors looking to diversify their portfolio or business owners seeking a strategic location with growth potential, this property is currently occupied by tenants. Please refrain from disturbing them and contact the agent for showing arrangements

More Information MLS# 964432

None

Current Price: $2,600,000

Status Change Info

Status: Active

Contract Info

GCCMLS Number: 40817970 List Date: 2024-12-09 List Price: $2,600,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 11 - Navarre/Gulf Breeze Street #: 5241 Street Name: Gulf Breeze Street Suffix: Parkway State: FL Zip Code: 32563 County: Santa Rosa Parcel ID: 24-2S-28-1150-00100-0160

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: Yes Acreage: 2.97 Lot Frontage: 306 Lot Depth: 425 Zoning: HCD

Income Producing

Year Built: 1976 Property Type: Retail

Retail

Building SqFt: 12048 # of Units: 5

Property Features

Class: Income Producing; Retail Construction Status: Existing
Listing Office: NAI Pensacola
Last Updated: April - 07 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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