216 Government Avenue, Niceville, FL 32578 (MLS# 797874)

216 Government Avenue, Niceville, FL 32578

$2,450,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 41,818 Status: Sold

Current Price: $2,450,000 List Date: 5/04/2018 Last Modified: 10/12/2024

Overview

Description

37,800 sq. ft., two story, 238 unit Climate Controlled Storage Facility. 24 of the units have outside access. The remaining units are interior with 24-hour secure customer access. Dedicated office in lobby could support related business and generate complementary additional income. Facility built in 2005, exceptionally maintained and managed. Gross income $306,000; NOI $185,000; Occupancy 94%; FDOT traffic count for this location is 14,600 daily. Seller is willing to provide financing for qualified buyer. Excellent opportunity to own a seasoned, stable income producing property which requires very little ''hands on'' management. THIS IS AN ASSET SALE NOT AN ENTITY SALE

Listing Details MLS# 797874

Status Change Info

Under Contract Date: 2018-05-21
Sold Date: 2018-09-28

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 13 - Niceville
Street #: 216
Street Name: Government
Street Suffix: Avenue
State: FL
Zip Code: 32578
County: Okaloosa
Parcel ID: 12-1S-23-0000-0057-0000

General Property Info

Vacant: No
Acreage: 0.96
Lot Frontage: 110
Lot Depth: 380
Zoning: C-2

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou
Legal Description: COM NE COR NE1/4 OF NW1/4S 3 DEG E 618 FT S 86 DEG W174.3 FT S 53 DEG W 606 FT TOPOB S 53 DEG W 110 FT N 36 DEG W 400 FT N 53 DEG E 110 FT S 36 DEG E 400 FT TO POB LESS ANY PART OF HWY 85 R/W

More Information

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 37,800 sq. ft., two story, 238 unit Climate Controlled Storage Facility. 24 of the units have outside access. The remaining units are interior with 24-hour secure customer access. Dedicated office in lobby could support related business and generate complementary additional income. Facility built in 2005, exceptionally maintained and managed. Gross income $306,000; NOI $185,000; Occupancy 94%; FDOT traffic count for this location is 14,600 daily. Seller is willing to provide financing for qualified buyer. Excellent opportunity to own a seasoned, stable income producing property which requires very little ''hands on'' management. THIS IS AN ASSET SALE NOT AN ENTITY SALE

Class

Income Producing: Yes
Retail: Yes
Other: Yes

Construction Status

Existing: Yes

Doors & SqFt

Door Height: 8
Eave Height: 40
Warehouse SF: 37800

Property Features

Class: Income Producing; Retail; Other Construction Status: Existing

Listing Office: La Florida Coastal Properties

Last Updated: October - 12 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.