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    4566 E Hwy 20 , 101-104 And 201

    Niceville, FL 32578
    • $3,165,000
    • STATUS: Active
    • ON SITE: 135 days
    • MLS #: 848285
    UPDATED: 44 min ago
    $3,165,000
    • 0
      BEDS
    • 1.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity for a Great investment Courtyard Plaza is located in Bluewater Bay, a much sought after area.This Premium Medical/Professional office building offers a Rare opportunity to acquire 12,000Sq.ft. of a 24,000 Sq. ft. building. 4 units first floor and 4 above with each unit having 1,500 square feet. Upstairs. Located in a Super Location off Hwy 20E with easy access. Parking spaces around the entire 24000 SF building. Courtyard Plaza is totally leased out at this time.RECENT UPGRADES: Roof-Re-coated 2019 - 20 year warranty--HVAC 2019 Half Replaced 2019 and 1/2 Replaced 2019 (7) Sprinkler System 2020 Totally Updated. Parking area 2019 Blacktop and Striped for Parking, New Pine Straw yearly Stairs and Railings last 6 months.Upon entering front of building Units on LeftCam is $535.00 monthly, Total West Side monthly is $4,280.00 West side 2 units are exempt from Taxes. which are 6%. The CAM has never increased since the Date it was built and leased. 2 Tenants presently upstairs utilizing 3750 square feet and the other tenant utilizing 2,250 square ft. MORE FINANCIALS available within 5 working days with serious intent.

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    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX by the Sea. Data last updated: 2020-10-24T11:02:15.457.
    www.coastalsandsproperties.com/homes/106727878
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    4566 E Hwy 20 , 101-104 And 201 Niceville, FL 32578

    • Price: $3,165,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 848285
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.98
    Acres
    Neighborhood:
    Niceville
    County:
    Okaloosa
    Area:
    Niceville
    Property Description
    Opportunity for a Great investment Courtyard Plaza is located in Bluewater Bay, a much sought after area.This Premium Medical/Professional office building offers a Rare opportunity to acquire 12,000Sq.ft. of a 24,000 Sq. ft. building. 4 units first floor and 4 above with each unit having 1,500 square feet. Upstairs. Located in a Super Location off Hwy 20E with easy access. Parking spaces around the entire 24000 SF building. Courtyard Plaza is totally leased out at this time.RECENT UPGRADES: Roof-Re-coated 2019 - 20 year warranty--HVAC 2019 Half Replaced 2019 and 1/2 Replaced 2019 (7) Sprinkler System 2020 Totally Updated. Parking area 2019 Blacktop and Striped for Parking, New Pine Straw yearly Stairs and Railings last 6 months.Upon entering front of building Units on LeftCam is $535.00 monthly, Total West Side monthly is $4,280.00 West side 2 units are exempt from Taxes. which are 6%. The CAM has never increased since the Date it was built and leased. 2 Tenants presently upstairs utilizing 3750 square feet and the other tenant utilizing 2,250 square ft. MORE FINANCIALS available within 5 working days with serious intent.
    Interior Features

    Business Only Building Sq Ft 24000 Business Only Unit Sq Ft 12000 Income Producing Building Sq Ft 12000 Income Producing Property Type Office Office Building Sq Ft 12000 Office Num Units 8 Office Unit Sq Ft 1500

    Property Features

    As Is No Business Only Actual Gross Income 242610.00 Business Only Cap Rate 6.00 Business Only Expenses 51350.00 Business Only Net Operating Income 191250.00 Business Only Real Estate Option Real Estate By Lease Business Only Year Built 2004 CAM 535.00 Cam Per Month Immediate Occupancy No Income Producing Annual Gross Income 242610.00 Income Producing Cap Rate 6.00 Income Producing Expenses 51360.00 Income Producing Net Operating Income 191250.00 Income Producing Year Built 2004 Listing Board Emerald Coast Office Actual Gross Income 242610.00 Office Cap Rate 6.00 Office Expenses 6420.00 Office Net Operating Income 191250.00 Office Property Type Medical Office Scheduled Income 33420.00 Office Vacancy Rate 0.00 Office Year Built 2004 Property Name Courtyard Plaza Vacant No Zoning Commercial

    Listing courtesy of J & J Realty At Bluewater Bay Inc.


    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX by the Sea. Data last updated: 2020-10-24T11:02:15.457.
     
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