554 Highway 85 N - Medical FOR SALE


Niceville, FL 32578
$2,838,000 USD
847-274-0039
554 Highway 85 N, Niceville, FL for Sale
$2,838,000 USD
Medical - FOR SALE
1/26
null | Request Cap Rate

554 Highway 85 N
Niceville, FL 32578


HIGHLIGHTS

  • Repositioning Opporutnity
  • Located on-campus to HCA Florida Twin Cities Hospital
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant medical office building located at 554 Highway 85 N in Niceville, Florida (the “Property”). The Property consists of a 10,118 square-foot, two-unit medical-office building. Anchor tenant North Florida Surgeons-Orthopedic Associates will be vacating their 8,318 square foot space in February 2026, with the remaining 1,800 square foot space occupied by GenesisCare, through July 2026. The anchor space offers an attractive repositioning opportunity for an owner user or through lease up of the vacancy on Niceville’s premier medical campus. Ownership fully replaced the roof in 2024 and it includes a 40-year shingle/materials transferable warranty. Also, in August of 2025, ownership paid for the parking lot to be re-sealed/re-striped, the exterior of the building to be power-washed, and cosmetic improvements to the landscaping in preparation of the building sale. 554 Highway 85 N is strategically located on-campus to HCA Florida Twin Cities Hospital, a 65-bed facility with a 24-hour Emergency Room and Critical Care Unit, serving as the primary healthcare provider for the Niceville community. The Property benefits from excellent visibility and significant frontage on the highway, in addition to prominent signage and multiple access points with ample parking. The Property is surrounded by medical offices, professional services, and neighborhood retail, with close proximity to dining, banking, and other daily-use amenities. The Property situated directly along State Road 85, a primary north–south commuter and commercial corridor through Niceville and is less than a mile from John Sims Parkway (State Road 20), the area’s main east–west thoroughfare connecting to Destin, Fort Walton Beach, and surrounding communities.

FOR SALE DETAILS

PRICE

$2,838,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C-1

APN/PARCEL ID

01-1S-23-0000-0001-0040

ASK ABOUT THIS PROPERTY

Alex SacksHorvath & TremblayMore Info
847-274-0039

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Alex SacksHorvath & TremblayMore Info
847-274-0039

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