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- LoopNet Team
440-442 3rd St
Neptune Beach, FL 32266
Badger Office Condominium · Office Property For Sale
INVESTMENT HIGHLIGHTS
- High profile, high barrier to entry Neptune Beach location with AADT of 25,000 cars per day along N. 3rd Street.
- Flexible leases in-place to allow for value-add asset repositioning
- High Growth Area with future new development anticipated for the former Kmart at the southwest corner of Atlantic Blvd. & 3rd Street
EXECUTIVE SUMMARY
The Badger Office Condominium Complex was constructed in 1987 and originally designed as four (4) 2,500+- SF office condominium units totaling approximately 10,000+- SF. The subject offering includes the north half of the building, consisting of approximately 5,000 SF presently divided amongst 3 rentable units summarized as follows: 440 A - 1,250+- SF presently occupied by a chiropractor / 440 B - 1,250+- SF currently occupied by professional office user and 442 - 2,500+- SF currently occupied by a financial services firm. The offering includes lease flexibility and a tremendous value-add opportunity for an owner-user or investor. The subject property benefits from 39 on-site parking spaces with 2 handicap spaces with the building situated on an underlying 36,000+- SF, NC-1 commercially zoned site. Leases, rent roll, proforma rent roll, Association financials and other relevant information is available with signed NDA.
PROPERTY FACTS
| Property Type | Office | Rentable Building Area | 10,200 SF |
| Property Subtype | Medical | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 1987/2013 |
| Lot Size | 1.42 AC | Parking Ratio | 3.82/1,000 SF |
| Zoning | NC-1 - Commercial - According to Neptune Beach Zoning Code | ||
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Lot Size | 1.42 AC |
| Rentable Building Area | 10,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1987/2013 |
| Parking Ratio | 3.82/1,000 SF |
| Zoning | NC-1 - Commercial - According to Neptune Beach Zoning Code |
AMENITIES
- 24 Hour Access
- Security System
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Balcony
