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Mixed-Use Land for Sale in Shalimar, Florida

60 2nd St, Shalimar, FL 32579

$4,300,000
3.57 acres
Active
Est $32,287/mo

Welcome to 4 9th Avenue, an exceptional commercial investment opportunity in Shalimar, Florida. This business complex comprises two addresses, 60 2nd Street and 4 9th Avenue, offering a versatile and thriving environment for a mix of professional office spaces and restaurant tenants. Key Features: *Total Leasable Area: Approximately 31,486 square feet. *Land Area: Spanning 3.57 acres. *Location: Strategically situated just off Eglin Parkway (Highway 85) with excellent road visibility. *Proximity: Across from the County Services Building and only 2 miles from the Eglin Air Force Base Main Gate, making it a prime location for military contractors. *Tenant Profile: A stable mix of long-term tenants, ensuring consistent occupancy and income. *Financing Opportunity: The current loan on the property, with an attractive interest rate of 4.95%, could possibly be assumable. The loan has a balance of approximately $2.3 million and does not have a balloon payment due until May 2027. This well-maintained complex offers significant potential for investors seeking a steady revenue stream and the opportunity to own a prominent commercial property in the heart of Shalimar. Don't miss out on this rare opportunity to acquire a key asset in a high-demand area. *Broker has ownership interest in property.

Location

Street address
60 2nd St
Community
Fort Walton Beach
Elevation
13 feet
Coordinates
30.4444, -86.5789

Directions

From Eglin Parkway (hwy 85) turn east on 9th Avenue. Complex is on the right.

Property details

Acreage
3.57 acres
MLS #
ECARMLS 957383
Posted

Parcels

  • 05-2S-23-2080-0086-0010

Legal description

Details and features

Listing

Type
Residential
Subtype
Condominium
Franchise
ERA Real Estate

Listing history

DateEventPriceChangeSource
May 10, 2025Relisted$4,300,000ECARMLS
May 3, 2025Listing removed$4,300,000Listing agent
Feb 3, 2025New listing$4,300,000ECARMLS
Jan 2, 2025Listing removed$4,300,000Listing agent
Aug 21, 2024New listing$4,300,000ECARMLS
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This 3.57-acre property is located at 60 2nd St in Shalimar, FL 32579. The property is available for sale for $4,300,000 with a price per acre of $1,204,482.

Checked 1 hour ago — Updated

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