8438 Gulf Blvd - Office/Residential FOR SALE


Navarre, FL 32566
$1,100,000 USD
850-974-4890
8438 Gulf Blvd, Navarre, FL for Sale
$1,100,000 USD
Office/Residential - FOR SALE
1/42
null | 6.99% Cap Rate

8438 Gulf Blvd
Navarre, FL 32566


HIGHLIGHTS

  • Built in management for short-term rentals
  • Long term tenants with no desire to vacate
  • Three separate streams of income
  • Several repeat guests for short-term rentals
  • Well maintained and recently updated buildings

OVERVIEW

Consider this: You purchase a very well maintained, concrete block building right across from the Gulf of Mexico. The building itself is priceless due to the lack of commercial opportunities on a beach with a rapidly growing tourist population. Then, you add three income streams which produce, on average, approximately $100,000 a year with potential for growth. The building currently holds a property management company which has been in place for over 5 years and intends to stay. Additionally, there are two gorgeous, well equipped short term rental properties which are turn-key. Either keep what's there or rearrange for your personal business and living opportunity. The options are limitless in this well-maintained building. Investment Potential: Individually the short term units would sell for approximately $300,000 each based on current market data. Projections place the potential income for each between $40,000-$45,000 a year, a significant return on investment. Additionally, the fully leased office space on the first floor provides income stability year-round. The current tenants have leased the space from the current owners for 5 years and currently pay $5,000 a month. Whether you're an experienced investor or a first-time buyer, this property promises a solid return on investment and endless possibilities for future growth. First Floor Office Space: Currently leased by a reputable property management company. The space is well-appointed and professionally designed to meet the needs of modern businesses. Offers a spacious layout, ideal for various commercial purposes. Stable rental income stream provides stability and security for investors. Laundry equipment does not convey. Two Remodeled 1 Bedroom Short or LongTerm Rental Units: Two beautifully renovated units on the top floor, each featuring one bedroom, one bathroom, in-unit laundry and storage. Designed with a focus on comfort, style, and functionality. Boasts breathtaking views of the surrounding landscape and easy beach access. Fully furnished and equipped with modern amenities to ensure a memorable stay for guests. Exceptional rental history, with high occupancy rates and positive guest reviews. Schedule your private viewing today and unlock the door to endless investment opportunities.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C

APN/PARCEL ID

193230-0000

ASK ABOUT THIS PROPERTY

SUSAN SHARPEExit Realty Anchor SouthMore Info
850-974-4890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

SUSAN SHARPEExit Realty Anchor SouthMore Info
850-974-4890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.