1981 S Hwy 87, Navarre, FL 32566

$1,290,000

Property Description

Investment Opportunity – Hardwick Square. Great upside potential as a result of below market rents and strong growth in Navarre, FL. Situated on a hard corner with a traffic signal. Two buildings containing a mixture of office and retail tenants. Owner occupies approximately 40% of the space but will consider leasing back after closing. 100% occupied with a projected net income of $103,252, resulting in a projected cap rate of 8%. 60 parking spaces on site. Less than ½ mile from the proposed The Boulevard development. https://ssrnews.com/developers-move-forward-with-plans-for-the-boulevard/

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Listing courtesy of GUNTHER PROPERTIES, LLC.

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