163 E Gulf Beach Dr Active Save Request In-Person Tour Request Virtual Tour
St. George Island,FL 32328
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $478
Subdivision Gulf Beaches Units 1-5
MLS Listing ID 323922
Year Built 2001
Annual Tax Amount $4,249
Tax Year 4249
Lot Size 6,751 Sqft
Property Description
Looking for a proven investment opportunity? This well-maintained mixed-use property features a stable, long-term commercial tenant. The ground floor has been home to SUBWAY since 2005, with a current lease of $5,000/month. The lease is triple net (NNN), so the tenant covers property taxes, insurance, and maintenance—offering minimal responsibility for the owner. The commercial space totals approximately 2,070 square feet and has been consistently cared for, including a new roof installed and permitted in 2023 by Lloyd's Roofing of Tallahassee, a new HVAC system around 2021, and regular upkeep of the building and septic system. This listing is for the lower level only. However, the owner will also consider selling the upstairs condo, which is an additional income-producing property.
Location
State FL
Zoning Business,Commercial,Mixed Use,Residential Single Family
Interior
Heating Ceiling Electric,HVAC
Cooling Central Electric,Ceiling Fan(s),Heat Pump,HVAC,Multi Units
Flooring Tile
Inclusions Negotiable
Exterior
Utilities Available Electricity Connected,Internet Available,Phone Connected,Water Connected
Roof Type Asphalt,Shingle
Building
Sewer Aerobic Septic