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502 Garrison Ave
Port Saint Joe, FL 32456

$2,333,333 USD

Post Office For Sale  •  11,454 SF

Property Details

  • Property Type Post Office
  • Total Building Size 11,454 SF
  • Lot Size 2.63 AC
  • Building Class B
  • Year Built 1999
  • Zoning C1-A
30 Walk Score

Highlights

Single-tenant United States Postal Service facility with federal credit, stable occupancy, and documented long-term durability in this market.
$140,000 annual NOI in place through July 2029, offered at a 6.00% cap rate on current pricing of $2,333,333 with full financial transparency.
Renewal option at $150,000 annually through 2034, 6.43% yield and defined path for rent growth supported by third-party postal landlord data services
Near-NNN lease, tenant covering taxes, CAM, interior maintenance, HVAC, utilities, and janitorial; landlord limited to roof, structure, and insurance
AUSPL insurance program at $5,382/year, below typical coastal Florida premiums, and transferable to buyer for $100 fee; roof replaced 2019
2.60-acre downtown parcel, 85 striped parking spaces, C1-A Commercial zoning and Zone X Shaded flood classification

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 85
Type: Surface
Included in Rent: Yes
Marc Huntington 801-657-6554 The Huntington Group at Coldwell Banker
Marc Huntington 801-657-6554 The Huntington Group at Coldwell Banker