50 Hill Ave Nw Fort Walton Beach, FL 32548 | Other | Industrial

$1,200,000

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0.99 acres
Listing Courtesy of

Harry Bell

Description

Desirable investment opportunity in the Fort Walton Beach market. Located in the Commerce and Technology Park the fully occupied property consists of +/-.99 acres and +/-8409 SF of leasable space. There are two freestanding buildings which feature over $100000 in recent renovations. Building A has +/- 2400 SF of office space and Building B has +/- 6009 SF of warehouse and office space. There are three tenants on the property. There is one tenant with a NNN lease and two tenants with a gross lease. The owner currently occupies +/- 2000 SF of warehouse space and +/- 609 SF of office space. The property includes a fenced lay-down yard behind building B which is currently being used by the tenant for storage and overflow customers. Situated along Hill Avenue the site experiences 20500 AADT and has excellent visibility. The United States Airforce Base Hurlburt Field is located 10 minutes away and consists of 13255 employees. Hill Avenue is the main road for military personnel to commute East and South from Hurlburt Field. The Fort Walton Commerce and Technology park includes tenants such as BAE Systems Beast Code Boeing City Produce Crane Aerospace Lockheed Martin MAG Aerospace Magna Manufacturing Microsystems and many more.

Property Details

Property Type Industrial Status Active CMLS ID# 30807362

structure

Total Baths 0 stories 1 stories total 1 year built 1987

characteristics

frontage type 109 Acres 0 lot size area 0.99 lot size units acres # of Buildings 2

tax

parcel number 17-2S-24-0000-0001-0060 zoning CTP

contract

listing terms Cash to Seller

compensation

Buyer Agency Comp. 3%
The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.