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60 2nd Street, Shalimar, FL 32579

$4,300,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 155,509 Status: Active
Current Price: $4,300,000 List Date: 5/09/2025 Last Modified: 5/09/2025

Description

Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants. Key Features: *Total Leasable Area: Approximately 31,486 square feet. *Land Area: Spanning 3.57 acres. *Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility. *Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military contractors. *Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income. *Financing Opportunity:

Supplements: The current loan on the property, with an attractive interest rate of 4.95%, could possibly be assumable. The loan has a balance of approximately $2.3 million and does not have a balloon payment due until May 2027. This well-maintained complex offers significant potential for investors seeking a steady revenue stream and the opportunity to own a prominent commercial property in the heart of Shalimar. Don't miss out on this rare opportunity to acquire a key asset in a high-demand area. *Broker has ownership interest in property.

More Information MLS# 957383

None

Current Price: $4,300,000

Status Change Info

Status: Active

Contract Info

GCCMLS Number: 30876724 List Date: 2024-08-20 List Price: $4,300,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 60 Street Name: 2nd Street Suffix: Street State: FL Zip Code: 32579 County: Okaloosa Parcel ID: 05-2S-23-2080-0086-0010

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Acreage: 3.57 Lot Frontage: 840

Income Producing

Building SqFt: 31486 Property Type: Office

Office

# of Units: 14

Other

# of Units: 14

Property Features

Class: Income Producing; Office; Other Construction Status: Existing
Listing Office: ERA American Real Estate
Last Updated: May - 09 - 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.

Grayton Corners | 32 East County Highway 30-A, Suite J | Santa Rosa Beach, FL 32459
Office: 850.231.7896 | Toll Free: 866.533.3429 | Email Us
G. Gay Landreth, Managing Member and Broker

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