Westwood Retail | 1652 W Highway 98
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Westwood Retail 1652 W Highway 98
5,178 SF 100% Leased Retail Building Mary Esther, FL 32569 $1,187,840 CAD ($229 CAD/SF) 8.19% Cap Rate
Investment Highlights
- Prime Location: High Visibility: Situated on Highway 98, w/ high traffic volume, ensuring maximum visibility & exposure for retail businesses
- Amenities: Outdoor spaces, signage opportunities
- Accessibility: Easy access, ample parking
Executive Summary
Location: Westwood Retail, a prime commercial area
Prime Location: Situated on Highway 98, offering high visibility and easy access.
Close proximity to Hurlburt Field and Eglin Air Force Base, ensuring a steady flow of potential customers.
Located in a bustling retail corridor with high traffic counts.
Building Specifications: Spacious retail space suitable for a variety of business uses.
Large storefront windows providing ample natural light and excellent display opportunities.
Amenities: Ample parking space available for customers and staff.
Nearby amenities include restaurants, shops, and other essential services.
Easy access to public transportation options.
Market Potential: Ideal for businesses seeking to capitalize on the growing local economy and military presence.
Opportunity to join a vibrant retail community with a mix of local and national tenants.
Potential for high foot traffic and strong customer base due to the strategic location.
Prime Location: Situated on Highway 98, offering high visibility and easy access.
Close proximity to Hurlburt Field and Eglin Air Force Base, ensuring a steady flow of potential customers.
Located in a bustling retail corridor with high traffic counts.
Building Specifications: Spacious retail space suitable for a variety of business uses.
Large storefront windows providing ample natural light and excellent display opportunities.
Amenities: Ample parking space available for customers and staff.
Nearby amenities include restaurants, shops, and other essential services.
Easy access to public transportation options.
Market Potential: Ideal for businesses seeking to capitalize on the growing local economy and military presence.
Opportunity to join a vibrant retail community with a mix of local and national tenants.
Potential for high foot traffic and strong customer base due to the strategic location.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,178 SF
Building Class
B
Year Built
1962
Price
$1,187,840 CAD
Price Per SF
$229 CAD
Cap Rate
8.19%
NOI
$97,238 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Land Acres
0.75 AC
Zoning
Mixed Use - This mixed-use building is zoned to accommodate a combination of residential, commercial, and retail space
Parking
21 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
274 ft on HIGHWAY 98
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 14-2S-25-0000-0050-0020 | Improvements Assessment | $158,328 CAD |
| Land Assessment | $348,191 CAD | Total Assessment | $506,519 CAD |
PROPERTY TAXES
Parcel Number
14-2S-25-0000-0050-0020
Land Assessment
$348,191 CAD
Improvements Assessment
$158,328 CAD
Total Assessment
$506,519 CAD
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Larry Strychalski -
International Realty LV
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Westwood Retail | 1652 W Highway 98
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