|
 |
This 12,000 square foot center is well located on Highway 331 in
the middle of the City of Freeport. It was built in 2006, and has
ten 1,200 square feet bays that can be combined into various increments
of 1,200 square feet.
| OWNER |
R&G Partners, LLC |
| LOCATION |
The property is located near Destin on the
east side of Highway 331 South (State Road 83) approximately ¼ mile
North of Highway 20 in the City of Freeport, Florida. The
property is approximately fifteen (15) miles south of I-10.
U.S. 331 is the principal north and south highway in Freeport. |
| TOTAL LAND AREA |
113,935 square feet, 2.62 Acres |
| ZONING |
C1 – General Commercial District |
| YEAR BUILT |
2006 |
| PROPERTY TAXES |
2006 - $2,202.81 |
| BUILDING SIZE |
12,000 SF Gross Leasable Area |
| FLOOD ZONE |
Zone X Outside 100 year floor Hazard Area |
| ROAD FRONTAGE |
608 linear feet (north to south) frontage
on Highway U.S. 331 South |
| TOPOGRAPHICAL |
Level and slightly above grade of street (rectangular) |
| UTILITIES |
Electricity: Gulf Power
Natural Gas: Okaloosa County Gas
Telephone: Sprint/ITC Delta Com
Refuse Removal: South Walton Utility Co. |
| DESCRIPTION OF IMPROVEMENTS |
Windows are double pane. Glass in anodized
aluminum frame on the front wall, metal on real wall. The
front veneer is HardiPlank metal. Towers are covered
with a broad covered front walkway. Interior walls
are painted sheetrock rather than vinyl. |
| FOUNDATION |
Concrete slabs. |
| ROOF |
Metal tresses with a standing seam metal roof. |
| NEIGHBORHOOD DESCRIPTION |
The immediate neighborhood for the Olde Towne
Shopping Center is generally commercial. The City of
Freeport Sports and Civic Pool is located across Highway
331 South. |
| SELLING PRICE |
$2,600,000 All Cash |
| STABILIZED NOI/SELLING CAP |
$222,338
8.6%* |
|
Home
Executive Summary
