440-442 3rd St - Medical CONDO FOR SALE


Neptune Beach, FL 32266
$1,938,000 USD
904-465-1000
440-442 3rd St, Neptune Beach, FL for Sale
$1,938,000 USD
Medical CONDO - FOR SALE
1/13
null | Request Cap Rate

NEW


440-442 3rd St
Neptune Beach, FL 32266


HIGHLIGHTS

  • High profile, high barrier to entry Neptune Beach location with AADT of 25,000 cars per day along N. 3rd Street.
  • High Growth Area with future new development anticipated for the former Kmart at the southwest corner of Atlantic Blvd. & 3rd Street
  • Flexible leases in-place to allow for value-add asset repositioning

OVERVIEW

The Badger Office Condominium Complex was constructed in 1987 and originally designed as four (4) 2,500+- SF office condominium units totaling approximately 10,000+- SF. The subject offering includes the north half of the building, consisting of approximately 5,000 SF presently divided amongst 3 rentable units summarized as follows: 440 A - 1,250+- SF presently occupied by a chiropractor / 440 B - 1,250+- SF currently occupied by professional office user and 442 - 2,500+- SF currently occupied by a financial services firm. The offering includes lease flexibility and a tremendous value-add opportunity for an owner-user or investor. The subject property benefits from 39 on-site parking spaces with 2 handicap spaces with the building situated on an underlying 36,000+- SF, NC-1 commercially zoned site. Leases, rent roll, proforma rent roll, Association financials and other relevant information is available with signed NDA.

FOR SALE DETAILS

PRICE

$1,938,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Badger Office Condominium

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

10,532 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

NC-1

APN/PARCEL ID

172912-0440

ASK ABOUT THIS PROPERTY

Cordell ButlerThe Cordell GroupMore Info
904-465-1000

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Cordell ButlerThe Cordell GroupMore Info
904-465-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.