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50 Hill Ave NW
Fort Walton Beach, FL 32548

Industrial Property For Sale

Investment Highlights

  • Over 100 feet of frontage on Hill Ave with 21,500 AADT
  • Zoned CTP for versatile use
  • Proximity to many nationally recognized industrial tenants

Executive Summary

Investment Property in the Commerce and Technology Park. There are two freestanding buildings: Building A has +/- 2,400 SF of office space, and Building B has +/- 6,009 SF of warehouse and office space. The property includes a fenced, lay-down yard behind building B, which the tenant uses for storage and overflow customers. The Fort Walton Commerce and Technology Park includes tenants such as BAE Systems, Beast Code, Boeing, City Produce, Crane Aerospace, Lockheed Martin, MAG Aerospace, Magna Manufacturing, Microsystems, and many more.

PROPERTY FACTS

Sale Type Investment NNN
Cap Rate 7.37%
Property Type Industrial
Building Class C
Lot Size 0.99 AC
Rentable Building Area 8,409 SF
No. Stories 1
Year Built/Renovated 1985/1995
Parking Ratio 3.33/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-2S-24-0000-0001-0060
Land Assessment
$112,397 CAD
Improvements Assessment
$412,008 CAD
Total Assessment
$524,405 CAD

zoning

Zoning Code CTP (Commerce and Technology Park Zoning District)
CTP (Commerce and Technology Park Zoning District)
  • Listing ID: 33488983

  • Date on Market: 2024-10-11

  • Last Updated:

  • Address: 50 Hill Ave NW, Fort Walton Beach, FL 32548

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