Looking for a property that offers both steady income and the charm of coastal living? This well-maintained mixed-use building delivers on both fronts. The ground floor features approximately 2,070 sq. ft. of commercial space, currently leased to a long-standing SUBWAY restaurant that has operated here since 2005. With a $5,000/month… Read More triple net (NNN) lease, the tenant covers taxes, insurance, and maintenance—making this a true turnkey investment with minimal owner responsibility. This is one of the lowest, remodeled price per square foot properties on the island. Upstairs, the residence mirrors the commercial footprint with another 2,070 sq. ft. of living space. Highlights include two spacious living areas, a beautiful great room, three generously sized bedrooms, and two full baths. One of the largest condo-style units on the island, it's currently a successful short-term rental on VRBO and Airbnb, generating $68,553 in Gross Rental Income (GRI) for 2024. Recent upgrades include a new roof (permitted and installed in 2023 by Lloyd's Roofing of Tallahassee), a new HVAC system (2021), new Hardie siding on sides of exterior, and regular structural and septic maintenance. Flood insurance is assumable at an affordable $3,541 per year. This rare opportunity provides dual income streams in one desirable package. For added flexibility, the commercial space may also be purchased separately. MLS #323922 Read Less
Courtesy of Blalock - Gill Team, St George Island Realty, Llc 850-927-4777
Listing Snapshot
Days Online
12
Last Updated
Property Type
Single Family
Square Ft.
4,140
Lot Size
0.15 Acres
Year Built
2001
MLS Number
324166
Additional Details
Building
Built in 2001, Building Area Total: 4,140, Construction Materials: "Frame", "Vinyl Siding", "Established Business", "Kitchen Area", "Restrooms: Private", "Restrooms: Public", "Seating Up to 199"
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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