506-508 Houston Ave NW - Office FOR SALE


Live Oak, FL 32064
$2,995,000 USD
239-851-5492
506-508 Houston Ave NW, Live Oak, FL for Sale
$2,995,000 USD
Office - FOR SALE
1/48
null | 5.53% Cap Rate

506-508 Houston Ave NW
Live Oak, FL 32064


HIGHLIGHTS

  • 100% occupancy
  • State of Florida credit tenancy
  • Stabilized cash flow
  • Low-management investment
  • New 10-year leases starting in spring 2027
  • Ideal 1031 exchange property

OVERVIEW

506-508 Houston Avenue offers investors the opportunity to acquire a stabilized, income-producing office asset leased to two State of Florida agencies—the Florida Department of Corrections and the Department of Juvenile Justice. The property provides a dependable investment backed by the strength and stability of state occupancy. This asset is well suited for 1031 exchange buyers and investors seeking predictable cash flow with minimal management responsibilities. The property's long-standing government tenancy, specialized design, and strategic location near Suwannee Correctional Institution reinforce its importance to the agencies it serves and contribute to tenant retention. Government-leased assets of this nature are rarely available to the market and are highly sought after for their reliable occupancy and resilience through varying economic cycles. 506-508 Houston Avenue represents a compelling opportunity to acquire a fully leased, government-occupied investment offering stable income, strong credit tenancy, and the potential for long-term capital preservation—qualities that make it an attractive addition to an investment portfolio or an ideal replacement property for a 1031 exchange.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

5.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

CN

APN/PARCEL ID

23-02S-13E-05869-010061,23-02S-13E-05901-020042

ASK ABOUT THIS PROPERTY

Lauri AlbionSVN | Commercial PartnersMore Info
239-851-5492

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Lauri AlbionSVN | Commercial PartnersMore Info
239-851-5492

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