Commercial — Investment Opportunity – Hardwick Square in Navarre, 1981 Hwy 87 S

Status: Active

  • 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/

Address: 1981 Hwy 87 S, Navarre, FL 32566

Size: 11,372 SF

Price: $1,290,000

Agent: Fred Gunther

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