214 Covell Rd Crestview, FL 32539
- Specialty properties
- 8,934 SF
- 1.19 lot acres
Current Use by Public Records
- Dr. Marcello A. Borzatta, MD / Vascular Surgeon
- Azura Surgery Center / Doctor
- Dr. Marcello Borzatta / Vascular Surgeon
- Edward Friedland, MD / Nephrologist
- THOMAS J SHAKNOVSKY / Proctologist / Surgeon
Property Details for 214 Covell Rd
- Year built
- 2021
- Construction
- FRAME
- Lot size
- 1.19 lot acres
- Property size
- 8,934 SF
- Zone code
- C-1
- Property type
- Specialty properties
- APN
- 28-3N-23-0000-0009-0000
- APU
- 283N23000000090000
Description
This exceptional commercial property, located at 214 Covell Road Unit 214 in Crestview, Florida, presents a unique investment opportunity. Boasting a substantial 8,934 square feet of space, this general commercial building offers immense potential for a variety of businesses. The property sits on a lot with no acreage, making it ideal for businesses that prioritize accessibility and convenience. Priced competitively at $25,000, this represents a significant value in the Crestview market. The property's location on Covell Road ensures high visibility and accessibility, attracting substantial foot and vehicle traffic. The building's substantial square footage allows for flexible layout configurations, catering to diverse business needs. Whether you envision a retail space, office complex, or warehouse, this property's adaptability makes it a versatile option. Its affordability makes it an attractive proposition for entrepreneurs and established businesses alike seeking a cost-effective entry into the thriving Crestview commercial landscape. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift and seamless transition for your business. Don't miss this chance to secure a prime commercial space at an exceptional price point.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,915,000
- 6.5%
- $7,400,000
- 7%
- $7,920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,295,000
- Geo Method
- $7,310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,575,000
- Retail
- $6,415,000
- Mixed-Use
- $8,360,000
- Hospitality
- $6,675,000
- Educational
- $7,915,000
- Residential Income
- $7,075,000
- Energy
- $6,440,000
- Income-Based Land
- $7,760,000
- Food Service
- $6,665,000
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.5582
- Latitude
- 30.7353
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
