Active

60 2nd Street

Shalimar FL, 32579

$4,300,000


Active

Commercial

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: 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.

957383

MLS ID

August 20, 2024

Listed

October 1, 2024

Updated

Map

60 2nd Street
Shalimar FL, 32579

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

3.57 Acres

Other Property Details

Area Name

12 - Fort Walton Beach


Days on Market

6


Garage

No


View

No


County

Okaloosa


Pool

No

Courtesy of ERA American Real Estate, Keith R Wood,
Listing Contact: 850-200-2039 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Domenech Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 8:24 PM UTC, 10/1/2024

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