8438 Gulf Boulevard, Navarre, FL 32566 (MLS# 931406)

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8438 Gulf Boulevard, Navarre, FL 32566

$1,050,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $1,050,000 List Date: 2/07/2024 Last Modified: 5/09/2024

Description

NEW PRICE!! Unique investment opportunity on Navarre Beach. Take advantage of three income streams with a full-time commercial tenant as well as 2 short-term rentals. Property has been updated since 2019 and has an effective build date of 2014. The first floor holds the offices for a local property management company who has just signed a new one year extension to their lease, effective through August 2024. The property management company manages the upper level units, which perform very well and have great reviews.

More Information MLS# 931406

None

Current Price: $1,050,000

Status Change Info

Status: Active

Contract Info

GCCMLS Number: 30854677 List Date: 2023-09-01 List Price: $1,050,000 Listing Board: Emerald Coast

Location, Tax and Legal

Area: 11 - Navarre/Gulf Breeze Street #: 8438 Street Name: Gulf Street Suffix: Boulevard State: FL Zip Code: 32566 County: Santa Rosa Sub Area: 1101 - Navarre Beach Parcel ID: 28-2S-26-0000-00900-0000 Legal Description: COM NE COR OF LOT 20 1ST ADDT NAVARRE BEACH (PB 5 PG 95) OF SECTION 28 TOWNSHIP 2 SOUTH RANGE 26 WEST THN N10 49'27''W 120 FT TO NLY R/W LI GULF BLVD THN N79 10'33''E ALG R/W 250 FT TO POB THN CONT 50 FT THN N10 49'27''W 160 FT THN S79 10'33''W 50 FT THN S10 49'27''E 160 FT TO POB TOG/W AN EXCL ESMNT ALL AS DES IN OR 3825 PG 411

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Acreage: 0.18 Lot Frontage: 54 Lot Depth: 160 Zoning: Commercial

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: NEW PRICE!! Unique investment opportunity on Navarre Beach. Take advantage of three income streams with a full-time commercial tenant as well as 2 short-term rentals. Property has been updated since 2019 and has an effective build date of 2014. The first floor holds the offices for a local property management company who has just signed a new one year extension to their lease, effective through August 2024. The property management company manages the upper level units, which perform very well and have great reviews.

Office/Member Info

Cooperative Comp: 2 Cooperative Comp Type: %

Income Producing

Year Built: 1979 Building SqFt: 2392 Property Type: Other (See Remarks)

Office

Year Built: 1979 Property Type: Low Rise # of Units: 1

Other

# of Units: 2

Property Features

Class: Income Producing; Office; Other Construction Status: Existing

Listing Office: Coldwell Banker Realty

Last Updated: May - 09 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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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