Laurel Hill Commercial Building and 8 Acres

Retail-Commercial for Sale
Catylist Listing ID: 30878030
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Street Retail, Other
Building Size (RSF): 1,904 SF
Gross Building Area: See Agent
Sale Price: $715,000
Unit Price: $375.53 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2024

Overview / Comments

This investment opportunity has 8 acres of commercial property located on Hwy 85 North in the community of Laurel Hill, Florida. The 8 acres included are partially cleared and level land with space for development or to expand. Includes a 1900+ square foot building which is suitable for office space or retail. Two parcels are included Parcel ID 05-5N-22-0000-0022-001A & 05-5N-22-0000-0022-0010.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 05-5N-22-0000-0022-001A and 05-5N-22-0000-0022-0010
Zoning: MIXED USE
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Florala and Crestview
Property Visibility: Excellent
Largest Nearby Street: Hwy 85
Feet of Frontage: 1,190
Highway Access: Hwy 85
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,904 SF
Property Condition: Good
Year Built: 1993
Parking Type: Surface
Parking Description: On site parking space for customers and employees.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Mixed Use
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Legal Description: 05-5N-22-0000-0022-0010: COM SW COR N 1292.89 FT E 635. 92 FT TO POB N 644.56 FT E 802 and 05-5N-22-0000-0022-001A: COM NW COR OF SE1/4 OF NW1/4 OF SW1/4 E 802.69 FT S 37 DEG

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,921 1,921
Median Age: 43.93 43.93
Households: 770 770
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.