$2,300,000
For Sale

5241 Gulf Breeze Parkway

Gulf Breeze, FL 32563
Browse 15 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

5241 Gulf Breeze Pkwy offers an exceptional value-add opportunity for investors. The property is currently owner-operated with short-term leases in place, providing the potential for a new owner to adjust lease rates to align with the highly competitive Gulf Breeze market, where NNN lease rates typically range from $17 to $29 per square foot. The current owner would lease back his portion of the space for a term to be negotiated with new owner.Additionally, there is potential for assemblage with the adjacent 0.98-acre HCD-zoned parcel, which, while not currently listed for sale, adds further strategic possibilities for future development.This property is an excellent acquisition for a savvy investor, priced at just $190.20 per square foot in one of the most sought-after markets

  • Property Details
      • Lot Size200 x 425
      • Property TypePurchase
      • Cost2300000
      • MLS #964432
      • MLS #964432
      • Pool1
      • Property SubtypeE

Location

Steven P Boulay | Central Bay Realty and Property Management LLCReal Estate Group

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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