$2,850,000
Miramar Beach, FL 32550
MLS# 881273
Status: Sold
1 / 6
Property Description
Available: 25235sf Freestanding retail building in Destin FL located between The Destin Commons retail center and Silver Sands Outlets. This property is currently occupied by a single user and is a rare opportunity for multi tenant re-development or end user. Current lease rates in the local market range from $20-$45NNN with low vacancy rates. Florida DOT traffic counts for this property are 49,300 ADT and this property is at a controlled intersection. Building features include: 12'8'' eave height with 18' clear span, fire suppression sprinklers, three phase power, 72 tons of Air Conditioning, 73 parking spaces and current pass through expenses are $.83 per sf. Current tenant will vacate 60 days after or the The owner's are retiring and are in the process of closing.
Details
Contract Info
GCCMLS Number: 30459607
Listing Board: Emerald Coast
List Date: 2021-09-08
List Price: $3,500,000
Location, Tax and Legal
Sub Area: 1501 - Miramar Beach North
Property Name: Smith's Antique Mall
Legal Description: COM SE/C OF NE1/4 N 02 00'52E 299.88 FT TO INTER N ROW ST RD 30(200'ROW) & E LINE SEC 30 N87 47'26W ALONG ROW 16.09 FT FOR POB CONT N87 47'26W ALONG ROW 334 N02 24'37E 400 FT S87 47'26E 334 FT S02 24' 37W 400 FT TO POB OR 2026-263 OR2013-378 LESS AND EXCEPT; COM AT THE SE/C OF THE NE4 OF SECTION 30, THENCE N 02 DEG 00'52 E FOR 299.88 FT; THENCE N 87 DEG 47'26 W FOR 183.09 FT TO THE P.O.B. THENCE N
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: Yes
Lot Depth: 390
Zoning: Coastal Center
Lot Frontage: 160
Acreage: 1.53
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Available: 25235sf Freestanding retail building in Destin FL located between The Destin Commons retail center and Silver Sands Outlets. This property is currently occupied by a single user and is a rare opportunity for multi tenant re-development or end user. Current lease rates in the local market range from $20-$45NNN with low vacancy rates. Florida DOT traffic counts for this property are 49,300 ADT and this property is at a controlled intersection. Building features include: 12'8'' eave height with 18' clear span, fire suppression sprinklers, three phase power, 72 tons of Air Conditioning, 73 parking spaces and current pass through expenses are $.83 per sf. Current tenant will vacate 60 days after or the The owner's are retiring and are in the process of closing.
Class
Income Producing: 1
Retail: 1
Construction Status
Existing: 1
Retail
Property Type: Freestanding
Year Built: 1994
Building SqFt: 25235
Price P/SqFt: 158.51
Vacancy Rate: 0
Expenses: 0.81
# of Units: 1
Income Producing
Year Built: 1994
Building SqFt: 25235
Property Type: Retail
None
Current Price: $2,850,000
Status Change Info
Status: Sold
Under Contract Date: 2021-12-07
Sold Date: 2021-12-29
Sold Price: $2,850,000
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 12500
Street Name: Emerald Coast
Street Suffix: Parkway
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 30-2S-21-42000-001-0011
Property Features
Class: Income Producing; Retail
Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 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.
