Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1998
Sq.Footage
9,776
Lessee requests confidentiality. This is the buy-out of a current on-going lease with 5 years left in the initial term + options with a right of first refusal in the lease for purchase. Lease is not negotiable and also requires 2.5% overage in addition to base rent. Lessor must approve the new tenant. Lessee has over $1,000,000 invested but is looking for $300,000 to vacate the building leaving all equipment except signage. Current use is a restaurant. This restaurant has 9,776 SF, 378 seats, & zoned Town Center Mixed Use (TCMU) which allows restaurant/bar, grocery, gasoline, department stores & other retail, office, seasonal & permanent multi-family, hotel/motel, fitness centers, & more. There are 135 parking spaces on 2.23 acres with 144' on Hwy 98. Traffic count is 49,500 daily.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
2.24
-
Property Type
Commercial Lease
Price
-
Sales Price
$12,500
-
Zoning
TCMU
-
Sq. Footage
9, 776
-
Price/SqFt
$1
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
Okaloosa
Elementary School
Middle School
High School
Listing Courtesy of Mary Anne Windes , Real Estate Professionals of NW Fla Inc
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