50 Hill Ave NW | Fort Walton Beach, FL 32548
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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 | Rentable Building Area | 8,409 SF |
| Cap Rate | 7.37% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1985/1995 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Lot Size | 0.99 AC |
| 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
| Parcel Number | 17-2S-24-0000-0001-0060 | Improvements Assessment | $377,830 |
| Land Assessment | $103,073 | Total Assessment | $480,903 |
PROPERTY TAXES
Parcel Number
17-2S-24-0000-0001-0060
Land Assessment
$103,073
Improvements Assessment
$377,830
Total Assessment
$480,903
zoning
| Zoning Code | CTP (Commerce and Technology Park Zoning District) |
| CTP (Commerce and Technology Park Zoning District) |
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