106 N Geronimo Street, Destin, FL 32550 (MLS# 980821)

Class: Retail

Construction Status: Existing

the traffic light at N. Geronimo Street and Highway 98. The current owner has committed significant capital to renovate both buildings, which even includes approximately $300,000 for new escalators to service the second floor of the main showroom. Parcel 1 contains a two-story building, oriented on ±1.18 acres, hosting prime retail and showroom space, as well as private offices, collectively measuring ±26,893 conditioned square feet. There is a 3rd floor that accommodates a spectacular executive office, accessible via a private & secured "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. Parcel 2 contains a warehouse, office, and showroom, situated on ±2 acres, and constructed in 2004, measuring ±11,282 SF on two floors. The warehouse contains a broad loading dock area and massive rack system with a lift and guide rails. Both buildings project an architecturally magnificent image. This opportunity is irreplaceable locally, as land development code would neither accommodate this massive yield, nor would a developer endeavor upon such a project, as the inflationary costs of this era, coupled with land costs, (even if such prime vacant land at a traffic light were available, which is non-existent), would likely much exceed $20,000,000+. The current business is operating a record-breaking levels, year over year; thus the attributable value to this extremely prime site and assemblage is likely understated. All showings are by appointment only and require a minimum of 48+ hours advanced notice. The listing broker must accompany all showings. Financial credentials are required prior to confirmation of any showings. Please do not approach any onsite staff.