Freestanding 2 Story Office / Retail Building

768 John Sims Pkwy E, Niceville, FL 32578

  • For Sale $925,000
  • Property Type Office - General Office
  • Property Size 4,866 SF
  • Units 5
  • Lot Size 0.32 Acre
  • Building Class B
  • Year Built 1940
  • Year Renovated 1980
  • Date Updated Mar 27, 2024
Centrally located in Niceville near Niceville High School along the northside of Highway 20.Freestanding 2 story office / retail building centrally located in Niceville, FL. This 5 unit commercial building is fully leased to tenants such as MJ's Coffee, Comfort Keepers & American Fence. Each of the 5 units are separately metered for Power & Water. A new standing seam metal roof was added in 2017 and is in great shape. This concrete block building is very well built and the location gives amazing visibility to all of its tenants. The current traffic count from FDOT is 38,000 cars per day. The site is .32 acres and has 16 parking spaces on property. There is a current hand shake deal for additional parking on an adjacent property to the north. A proforma rent roll shows a Net Operating Income of $65,000, which provides a 7% CAP Rate. Seller occupies a portion of the building and is willing to vacate for new ownership.

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Attachments

Highlights

  • Income Producing Asset in a great location
  • Value add property with updating rent roll with tenants paying market rate

Contacts

broker

Chad Knaepple

TaylorAllen Properties

(850) 687-4075

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Niceville, FL
  • Neighborhood Niceville
  • Zip Code 32578
  • Market Pensacola

Points of Interest

  • Murphy USA

    1.02 miles

  • Texaco

    1.24 miles

  • Tom Thumb

    1.34 miles

  • CEFCO Convenience Store

    1.94 miles

  • Kangaroo Express

    4.48 miles

  • Exxon

    4.67 miles

  • Express

    5.18 miles

  • Sunoco

    8.87 miles

  • Race Ways

    9.07 miles

  • Murphy USA

    9.28 miles

  • Taxi Queue

    4.55 miles

  • Cellphone Lot

    4.59 miles

  • Timber Lake Trailhead

    7.26 miles

  • Timber lake Trailhead

    7.83 miles

  • Holiday Inn Express

    0.66 miles

  • Quality Inn

    0.82 miles

  • TownePlace Suites Niceville Eglin AFB Area

    0.95 miles

  • Comfort Suites

    1.02 miles

  • Hampton Inn Niceville-Eglin AFB

    2.61 miles

  • Tru

    2.66 miles

  • Regency Inn

    4.60 miles

  • Fairfield Inn & Suites Fort Walton Beach-Eglin AFB

    7.73 miles

  • TownePlace Suites Fort Walton Beach-Eglin AFB

    8.77 miles

  • Emerald Grande

    8.84 miles

  • Taco Town

    0.06 miles

  • Subway

    0.33 miles

  • The Wharf 850

    0.47 miles

  • Dairy Queen

    0.47 miles

  • Wendy's

    0.49 miles

  • Jim 'N Nick's Bar-B-Q

    0.56 miles

  • Ruby Tuesday

    0.62 miles

  • McDonald's

    0.66 miles

  • Smoothie King

    0.76 miles

  • Tops Hamburgers

    0.76 miles

  • Niceville High School

    0.19 miles

  • C W Ruckel Middle School

    0.37 miles

  • James E. Plew Elementary School

    1.06 miles

  • Edge Elementary School

    1.07 miles

  • Edge School

    1.07 miles

  • Plew Elementary School

    1.11 miles

  • Northwest Florida State College

    1.29 miles

  • Okaloosa STEMM Academy

    1.51 miles

  • Addie R Lewis Junior High School

    2.01 miles

  • Addie R Lewis K-8 School

    2.06 miles

Frequently Asked Questions

What is the lease rate for Freestanding 2 Story Office / Retail Building?

Rental asking rate at Freestanding 2 Story Office / Retail Building is $462,500.00/YR.

What is the total square footage of Freestanding 2 Story Office / Retail Building?

Freestanding 2 Story Office / Retail Building totals 4,866 square feet.

When was this property built?

Freestanding 2 Story Office / Retail Building was built in 1940.

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Contact Listing Broker

broker

Chad Knaepple

TaylorAllen Properties

(850) 687-4075