St. George Island, FL Commercial Property For Sale
Property Type:
Commercial / Commercial
Price: $990,000
Status:
Active
Days on Website:
6
Sqft: 2,070
Lot Size: 50 x 135
Year Built: 2001
Subdivision: Gulf Beaches Units 1-5
Address:
163 E Gulf Beach Dr, Downstairs
Area:
St. George Island,
FL
MLS #:
323922
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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.
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Features for 163 E Gulf Beach Dr Downstairs, St. George Island:
Listing courtesy of St George Island Realty, Llc
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Map and related commercial property for sale:
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