$4,608,277
Gulf Breeze, FL 32563
MLS# 897511
Status: Sold
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Property Description
Investment Opportunity- This is the first time to market for this well maintained professionally managed center by the original owner/developer. Extremely well maintained asset has been properly managed through the years with a fantastic mix of qualified long-term tenants in place. Projected NOI for 2022 is $357,823. 18
Details
Maps
Documents
None
Current Price: $4,608,277
Status Change Info
Status: Sold
Under Contract Date: 2022-05-12
Sold Date: 2022-08-01
Sold Price: $4,608,277
Contract Info
GCCMLS Number: 30801030
List Date: 2022-05-03
List Price: $5,150,000
Listing Board: Emerald Coast
Location Tax and Legal
Area: 11 - Navarre/Gulf Breeze
Street #: 5660
Street Name: Gulf Breeze
Street Suffix: Parkway
State: FL
Zip Code: 32563
County: Santa Rosa
Parcel ID: 19-2S-27-0000-02300-0000
General Property Info
Listed on GCCMLS: Yes
Description: Midway Plaza Multi Tenant Sale
Property Information: First Time Ever Offered on the market by the original owner/developer. This is an extremely well maintained 4 building asset that is built out to house office, retail and warehouse tenants. The tenants have been carefully qualified over the years and there is a great tenant mix of shops and a real vibrancy to the center. The property is 100% occupied and the center enjoys great exposure on HWY 98
Vacant: No
Immediate Occupancy: No
Acreage: 4.64
Lot Frontage: 470
Lot Depth: 482
Zoning: M1
Income Producing
Year Built: 2002
Price P/SqFt: 96.7
Property Type: Other (See Remarks)
Other
Year Built: 2002
Building SqFt: 53256
Net Operating Income: 357823
Cap Rate: 6.95
# of Units: 20
Property Features
Class: Income Producing; Other
Construction Status: Existing
Marketing Brochure 
Listing Office: NAI Pensacola
Last Updated: October - 13 - 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.