$7,965,000
Miramar Beach, FL 32550
MLS# 805889
Status: Sold
1 / 1
Property Description
This Listing/Sale entered for Comp purpose only. Village Shoppes (the ''Property''), a 28,834 square foot 9-tenant retail strip center located in Destin (Miramar Beach), Florida, the most visited city on the Emerald Coast. Anchored by The Melting Pot Restaurant, Village Shoppes is almost 100% leased to a diverse, well-established, and service oriented tenant mix. Built in 2007, the Property is situated on a 1.93 acre site. The property was re-developed in 2017 after the center's former furniture store anchor tenant relocated to its brand new build-to-suit location down the road. The premier location and highly sought after space was released with minimal downtime and is primed for growth with new leases from some of the area's top tenants. Excellent rent rolls.
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2018-08-23
List Price: $8,300,000
Location, Tax and Legal
Sub Area: 1501 - Miramar Beach North
Legal Description: COM AT THE SW/C OF THE NW 1/4 OF SEC 28; N 02 DEG 26'29E, ALONG THE W LINE NW4 OF SEC 28 A 269.05 FT TO THE NLY ROW OF ST RD 30 (US HWY 98); THENCE SELY ALONG NLY ROW, 305.49 FT ALONG ARC OF A CURVE, CONCAVE SLY, HAVING A RADIUS OF 2029.85 FT, A CENTRAL ANGLE OF 08 DEG 37'22, AND A CHORD BEARING S 70 DEG 08'20E, 305.20 FT TO THE POB; DEPART NLY ROW, N 24 DEG 10'21E, 40.71 FT; N 02 DEG 14'23E, 260.
General Property Info
Listed on GCCMLS: No
Vacant: Yes
Immediate Occupancy: Yes
CAM: 2.5
Zoning: 001600
Acreage: 1.93
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: This Listing/Sale entered for Comp purpose only.
Village Shoppes (the ''Property''), a 28,834 square foot 9-tenant retail strip center located in Destin (Miramar Beach), Florida, the most visited city on the Emerald Coast. Anchored by The Melting Pot Restaurant, Village Shoppes is almost 100% leased to a diverse, well-established, and service oriented tenant mix. Built in 2007, the Property is situated on a 1.93 acre site. The property was re-developed in 2017 after the center's former furniture store anchor tenant relocated to its brand new build-to-suit location down the road. The premier location and highly sought after space was released with minimal downtime and is primed for growth with new leases from some of the area's top tenants. Excellent rent rolls.
Class
Retail: 1
Construction Status
Existing: 1
Retail
# of Units: 1
None
Current Price: $7,965,000
Status Change Info
Status: Sold
Under Contract Date: 2018-08-23
Sold Date: 2018-08-23
Sold Price: $7,965,000
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 11394
Street Direction: W
Street Name: Us Highway 98
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 28-2S-21-42000-023-0021
Property Features
Class: Retail
Construction Status: Existing
Listing Office: Sand Dunes Real Estate LLC
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
