170 Watersound Pkwy Watersound, FL 32461
This exceptional 6,500 square foot office building represents a unique opportunity in the thriving Watersound Town Center, Florida. Completed in 2023, this single-tenant building boasts a highly visible corner location at the intersection of N Watersound Parkway and Origins Main Street. Its "warm shell" condition allows for complete customization to suit a variety of uses, including medical, office, retail, or professional services. The building sits within the entrance of the Watersound Origins residential community, ensuring high traffic and excellent accessibility. This strategic location offers significant advantages, situated along US Hwy 98, a primary transportation route, and just two miles north of the popular 30-A corridor. The surrounding area features a vibrant mix of established businesses, including Publix, Publix Liquors, Dermatology Specialist of Florida, Summer House Lifestyle, and Starbucks, creating a strong and desirable commercial environment. The property's APN is 23-3S-18-16000-001-0040. This is a rare opportunity to secure a brand-new, high-visibility space in a rapidly growing area of Florida. The lot size is 0 sq ft, indicating the building is likely built on land owned by a larger entity. The property is located at 170 N Watersound Parkway, Watersound, FL 32461.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.