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4400 E Highway 20

3,000 SF Office Building Niceville, FL 32578 £539,917 (£179.97/SF) 8.57% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Medical office condo property in affluent area of Niceville, Florida: median household income for residents within 1-mile radius equals $113,160.

Nearby amenities include a daycare, banking, podiatrist, dentist, hearing center, and a diverse restaurant mix.

EXECUTIVE SUMMARY

Located in Merchants Walk in Bluewater Bay, this versatile property offers 4 commercial units sold as one package, perfect for a variety of business needs. Side 1 (Unit 503 & 504) Includes: 5 Private Offices, 1 Large Conference Room, and 1 Bathroom. Side 2 (Unit 505 & 506) Includes: 3 Private Offices, 1 Large Conference Room, Reception Area and Work Room Space, a Kitchenette with a farmhouse sink, cabinets, and space for a microwave or toaster oven, and 1 Bathroom. Front and rear exits on both sides for easy access. Functional layout and professional finishes. Whether you're looking to expand your business or invest in commercial space, this property offers flexibility and potential.

CC&R

Condo Rider

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

3,000 SF

Building Class

Year Built/Renovated

1987/2020

Price

£539,917

Price Per SF

£179.97

Net Initial Yield

8.57%

NOI

£46,279

Tenancy

Single

Number of Floors

Typical Floor Size

3,000 SF

Building FAR

2.30

Lot Size

0.03 AC

Zoning

Commercial - Commercial

AMENITIES

Air Conditioning

1 of 1

AERIAL
MAP

4400 E Highway 20, Niceville, FL - AERIAL map view - Image1

4400 E Highway 20, Niceville, FL - AERIAL map view - Image2

PROPERTY TAXES

Parcel Numbers	Multiple 23-1S-22-5066-0000-5060 23-1S-22-5063-0000-B110 23-1S-22-5066-0000-5030 23-1S-22-5066-0000-5050 23-1S-22-5066-0000-5040 23-1S-22-5063-0000-B109 23-1S-22-5063-0000-B112	Improvements Assessment	£188,418
Land Assessment	£329,777	Total Assessment	£518,195