$4,300,000
Shalimar, FL 32579
MLS# 957383
1 / 24
Property Description
Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants. Key Features: *Total Leasable Area: Approximately 31,486 square feet. *Land Area: Spanning 3.57 acres. *Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility. *Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military contractors. *Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income. *Financing Opportunity:
Details
Contract Info
GCCMLS Number: 30876724
Listing Board: Emerald Coast
List Date: 2024-08-20
List Price: $4,300,000
Location, Tax and Legal
Sub Area: 1210 - Shalimar
Property Name: 4 9th Avenue
Legal Description: PORT DIXIE ALL BLK 86 & N1/2 OF ADJACENT VACATED 8TH AVE
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: No
Lot Frontage: 840
Acreage: 3.57
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants.
Key Features:
*Total Leasable Area: Approximately 31,486 square feet.
*Land Area: Spanning 3.57 acres.
*Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility.
*Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military
contractors.
*Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income.
*Financing Opportunity:
Class
Income Producing: 1
Office: 1
Other: 1
Construction Status
Existing: 1
Office
# of Units: 14
Income Producing
Building SqFt: 31486
Property Type: Office
Other
# of Units: 14
None
Current Price: $4,300,000
Status Change Info
Status: Active
Location Tax and Legal
Area: 12 - Fort Walton Beach
Street #: 60
Street Name: 2nd
Street Suffix: Street
State: FL
Zip Code: 32579
County: Okaloosa
Parcel ID: 05-2S-23-2080-0086-0010
Property Features
Class: Income Producing; Office; Other
Construction Status: Existing
Supplements
The current loan on the property, with an attractive interest rate of 4.95%, could possibly be assumable. The loan has a balance of approximately $2.3 million and does not have a balloon payment due until May 2027.
This well-maintained complex offers significant potential for investors seeking a steady revenue stream and the opportunity to own a prominent commercial property in the heart of Shalimar. Don't miss out on this rare opportunity to acquire a key asset in a high-demand area.
*Broker has ownership interest in property.
Listing Office: ERA American Real Estate
Last Updated: May - 09 - 2025
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.
