13,939 SqFt
13,939 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,939 sqft
Price per Sqft $93
MLS Listing ID 992065
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 100X140
Source Emerald Coast Association of REALTORS®
Property Description
Located just minutes from major employers, shopping centers, and the beautiful Gulf Coast beaches, this property maintains high occupancy and consistent cash flow.
The property is professionally managed and offers low overhead, making it perfect for both hands-off investors or owner-operators. With a current monthly income of $8,975, there is also potential for future rent increases in a growing rental market.
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Direction From Eglin Parkway, head north and turn left onto Racetrack Road. Continue to Beal Parkway NW and turn right. After about half a mile, turn left onto Cape Drive NW. 14 Cape Dr will be on your left. The drive takes around 5-10 minutes depending on traffic.
Exterior
Garage No
Building
Faces From Eglin Parkway, head north and turn left onto Racetrack Road. Continue to Beal Parkway NW and turn right. After about half a mile, turn left onto Cape Drive NW. 14 Cape Dr will be on your left. The drive takes around 5-10 minutes depending on traffic.
New Construction No
Others
Pets Allowed No
Tax ID 09-2S-24-1860-0002-0120
Miscellaneous This 10-unit multifamily property offers a strong income stream in one of Fort Walton Beach's most convenient locations. Each unit features a 1-bedroom, 1-bathroom layout, ideal for long-term tenants or short-term conversion. Located just minutes from major employers, shopping centers, and the beautiful Gulf Coast beaches, this property maintains high occupancy and consistent cash flow. The property is professionally managed and offers low overhead, making it perfect for both hands-off investors or owner-operators. With a current monthly income of $8,975, there is also potential for future rent increases in a growing rental market.
Special Listing Condition Real Estate Owned
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73 Pelican Bay Drive, Santa Rosa Beach, Florida, 32459, USA