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Investment Highlights

  • Repositioning Opporutnity
  • Strong Demographics
  • Located on-campus to HCA Florida Twin Cities Hospital

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant medical office building located at 554 Highway 85 N in Niceville, Florida (the “Property”). The Property consists of a 10,118 square-foot, two-unit medical-office building. Anchor tenant North Florida Surgeons-Orthopedic Associates will be vacating their 8,318 square foot space in February 2026, with the remaining 1,800 square foot space occupied by GenesisCare, through July 2026. The anchor space offers an attractive repositioning opportunity for an owner user or through lease up of the vacancy on Niceville’s premier medical campus. Ownership fully replaced the roof in 2024 and it includes a 40-year shingle/materials transferable warranty. Also, in August of 2025, ownership paid for the parking lot to be re-sealed/re-striped, the exterior of the building to be power-washed, and cosmetic improvements to the landscaping in preparation of the building sale. 554 Highway 85 N is strategically located on-campus to HCA Florida Twin Cities Hospital, a 65-bed facility with a 24-hour Emergency Room and Critical Care Unit, serving as the primary healthcare provider for the Niceville community. The Property benefits from excellent visibility and significant frontage on the highway, in addition to prominent signage and multiple access points with ample parking. The Property is surrounded by medical offices, professional services, and neighborhood retail, with close proximity to dining, banking, and other daily-use amenities. The Property situated directly along State Road 85, a primary north–south commuter and commercial corridor through Niceville and is less than a mile from John Sims Parkway (State Road 20), the area’s main east–west thoroughfare connecting to Destin, Fort Walton Beach, and surrounding communities.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,118 SF
Building Class
B
Year Built/Renovated
1995/2024
Price
$3,424,275 CAD
Price Per SF
$338.43 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,118 SF
Building FAR
0.22
Lot Size
1.06 AC
Zoning
C-1 - Predominantly offices, low-intensity retail commercial uses, along with limited medium-density residential development at a max of fifteen units/acre

Amenities

  • 24 Hour Access
  • Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
01-1S-23-0000-0001-0040
Land Assessment
$434,756 CAD
Improvements Assessment
$2,052,594 CAD
Total Assessment
$2,487,349 CAD
  • Listing ID: 37590541

  • Date on Market: 2025-09-08

  • Last Updated:

  • Address: 554 Highway 85 N, Niceville, FL 32578

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