Remarks

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.

Details

MLS#: 957383
Price: $4,300,000


County: Okaloosa