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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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320370 320-370 W Redstone Ave , Crestview, FL 32536
$5,900,000
Est. Payment: $32,596.65/mo
1.97 Acres
Status: Active | Days on site: 6
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EAM2 - E29553
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Harrison Lilly Team
Owner/Operator

House Description

100% OCCUPIED MEDICAL OFFICE INVESTMENT | LONG-TERM TENANTS | POSITIVE CASH FLOW Exceptional opportunity to acquire a fully occupied, income-producing medical office complex in the growing Crestview market. This approximately 15,000-square-foot commercial medical property consists of three approximately 5,000-square-foot suites with established healthcare-related tenants and long-term lease commitments. Income is in place from day one. The property offers positive monthly cash flow, a triple-net lease structure, contractual rental income, and limited landlord operating responsibilities--an attractive combination for investors seeking a stabilized commercial real estate asset without the uncertainty and expense associated with lease-up. Strategically located less than one mile from the local hospital with convenient access to I-10 and major Crestview corridors, the complex is positioned within a growing Northwest Florida market. INVESTMENT HIGHLIGHTS: 100% occupancy " Long-term tenants " Approximately 15,000 SF " Three approximately 5,000 SF suites " NNN lease structure " Positive monthly cash flow " Contractual rent growth " Minimal landlord responsibilities " Well-maintained property " No known significant deferred capital expenditures " Excellent hospital and I-10 proximity. This is an opportunity to acquire more than commercial real estate -it is an established income-producing investment with tenants, leases, and cash flow already in place.

Highlights

Listed by Kim D Francks , 850-803-6588 ERA American Real Estate , 850-678-1196. Emerald Coast Multiple Listing Services

Property Type

Commercial Sale

Lot/Acreage
1.97

County

Okaloosa

Area

25 - Crestview Area

Listing ID

1013035

Questions about this listing?

Contact Agent

Interior Features

Exterior Features

Lot Dimensions:see attached
Zoning:Professional
Principal Interest
$32,597
Taxes
$3,761

Home Price

$5,900,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$1,180,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$32,596.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $32,596.65 $3,761.25 $0.00 $36,357.90
Yearly $391,159.80 $45,135.00 $0.00 $436,294.80
Total $11,734,794.06 $1,354,050.00 $0.00 $13,088,844.06

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Crestview, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T06:31:40.000Z

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