$2,400,000
Fort Walton Beach, FL 32547
MLS# 834680
Status: Sold
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Property Description
Incredible Income Producing strip center located among tremendous retail synergy in NW Fort Walton Beach. This property sits on the SE corner of Beal Parkway & Lewis Street. This lighted intersection is shared with ChickFila, WalMart, Sam's and Advanced Auto Parts. This 14975 SF retail building is home to Sleep Center, Pinch A Penny Pools Supply and InstaLoan. Each of these tenants have been in this location for approximately 10 years. All tenants have additional options to renew its lease. Additionally, the property has a large billboard leased to Lamar Advertising. Call me to discuss the building and the tenant details at your convenience.
Details
Documents
Contract Info
GCCMLS Number: 1111111
Listing Board: Emerald Coast
List Date: 2019-11-04
List Price: $2,800,000
Location, Tax and Legal
Sub Area: 1206 - Ocean City
Property Name: Century Court
Legal Description: COM SW COR OF SE1/4 N1485 FT TO POB E200 FT N217 FT W200 FT S217 FT TO POB
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Lot SqFt: 43500
Immediate Occupancy: No
Lot Depth: 200
Lot Frontage: 217
Acreage: 1
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Incredible Income Producing strip center located among tremendous retail synergy in NW Fort Walton Beach. This property sits on the SE corner of Beal Parkway & Lewis Street. This lighted intersection is shared with ChickFila, WalMart, Sam's and Advanced Auto Parts. This 14975 SF retail building is home to Sleep Center, Pinch A Penny Pools Supply and InstaLoan. Each of these tenants have been in this location for approximately 10 years. All tenants have additional options to renew its lease. Additionally, the property has a large billboard leased to Lamar Advertising. Call me to discuss the building and the tenant details at your convenience.
Class
Income Producing: 1
Retail: 1
Construction Status
Existing: 1
Retail
Year Built: 1987
# of Units: 4
Income Producing
Building SqFt: 14975
Net Operating Income: 203248
Cap Rate: 7.2
Property Type: Retail
None
Current Price: $2,400,000
Status Change Info
Status: Sold
Under Contract Date: 2021-01-19
Sold Date: 2021-02-24
Sold Price: $2,400,000
Location Tax and Legal
Area: 12 - Fort Walton Beach
Street #: 737
Street Direction: NW
Street Name: Beal
Street Suffix: Parkway
State: FL
Zip Code: 32547
County: Okaloosa
Parcel ID: 03-2S-24-0000-0221-0000
Property Features
Class: Income Producing; Retail
Construction Status: Existing
Site Plan Listing Office: Taylor Allen Properties LLC
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.
