$2,225,000
Navarre, FL 32566
MLS# 883945
Status: Sold
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Property Description
Rare Opportunity! Office complex with long-term tenant mix to include medical, real estate insurance, and retail is 100% occupied. This 10-unit office complex is in Navarre, Florida, a very desirable and quickly growing coastal community in Northwest Florida. Navarre is only Florida Community to be listed on the 2021-22 Money Magazine ''Best Places to Live in the U.S.'' coming in at No. 34. This opportunity includes three buildings, more than 70 parking spaces for tenants and customers and 2.1 acres. Easy access to Hurlburt Field, Fort Walton Beach, Navarre, Gulf Breeze and Pensacola. The complex is one block north and viewable from heavily traveled Hwy. 98 making it easily accessible with excess common parking. Multiple waiting areas, offices, bathrooms throughout.
Details
Maps
Documents
Contract Info
GCCMLS Number: 30768177
Listing Board: Navarre
List Date: 2021-10-14
List Price: $2,400,000
Location, Tax and Legal
Sub Area: 1102 - East Navarre
Property Name: Ortega Park Offices
Legal Description: THAT PART OF FOLLOWING PARCEL NOT LYING WITHIN OR BEING PART OF NAVARRE SUB DES AS: COM ON E R/W OF GRANADA ST AT N R/W OF HWY 98 THN ON CURVD N R/W (R=5629.65' CHB=N79 30' O3''E) FOR 1861.67 FT THN N10 53'33''W 303.50 FT TO CURV (R= 74.31 FT CHB=N13 51'06''E) FOR POB THN ON CURV 64.18 FT THN N 29 53'14''W 216.02 FT THN N1 42 '50''W 155.76 FT TO S R/W OF REO VISTA DR THN S89 33'31''W ON R/W 100 FT
General Property Info
Listed on GCCMLS: Yes
Property Information: This sale lincludes four parcels:
21-2S-26-0000-00135-0000 and 21-2S-26-0000-00136-0000, 21-2S-26-2740-00200-0031 and 21-2S-26-2740-00200-0010. The last two parcels have a holding pond, and an alternative entry from Rio Vista Drive and additional parking.
Fully leased multi-tenant office buildings for sale. 8734 and 8750 Ortega Park Dr., Navarre, FL 32566. Encompassing 8734, 8736, 8740, 8746, 8748, 8750, 8752, 8754, and 8756 Ortega Park Dr.
Vacant: No
Immediate Occupancy: No
Zoning: HCD
Lot Frontage: 155
Future Land Use: Commercial
Acreage: 2.1
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: Rare Opportunity! Office complex with long-term tenant mix to include medical, real estate insurance, and retail is 100% occupied. This 10-unit office complex is in Navarre, Florida, a very desirable and quickly growing coastal community in Northwest Florida. Navarre is only Florida Community to be listed on the 2021-22 Money Magazine ''Best Places to Live in the U.S.'' coming in at No. 34. This opportunity includes three buildings, more than 70 parking spaces for tenants and customers and 2.1 acres. Easy access to Hurlburt Field, Fort Walton Beach, Navarre, Gulf Breeze and Pensacola. The complex is one block north and viewable from heavily traveled Hwy. 98 making it easily accessible with excess common parking. Multiple waiting areas, offices, bathrooms throughout.
Class
Income Producing: 1
Office: 1
Construction Status
Existing: 1
Office
# of Units: 10
Income Producing
Building SqFt: 13711
Price P/SqFt: 175.04
Annual Gross Income: 186906
Property Type: Office
None
Current Price: $2,225,000
Status Change Info
Status: Sold
Under Contract Date: 2022-02-26
Sold Date: 2022-05-27
Sold Price: $2,225,000
Location Tax and Legal
Area: 11 - Navarre/Gulf Breeze
Street #: 8734
Street Name: Ortega Park
Street Suffix: Drive
State: FL
Zip Code: 32566
County: Santa Rosa
Parcel ID: 21-2S-26-0000-00135-0000
Property Features
Class: Income Producing; Office
Construction Status: Existing
Non-Disclosure Agreement 
Listing Office: Holley Properties
Last Updated: October - 13 - 2024
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