$2,500,000
Miramar Beach, FL 32550
MLS# 724028
Status: Sold
1 / 1
Property Description
165 foot frontage on this 1.8 acre site on Highway 98 ideally situated between Destin and Sandestin Resort, with traffic counts of approximately 50,000 per day. Five income producing units with solid tenants and gross income of $140,000. There are three buildings on this parcel one has a total area of 7,900 square feet, another with 4,950 square feet of total area and one with 3,125 square feet of total area. This is part of 6.69 acre site which is also available. Previous development order for the entire 6.89 parcel allowed for 175,000 square feet of retail and commercial. Suitable for hotel/motel, multifamily and residential.
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2015-02-03
List Price: $2,500,000
Location, Tax and Legal
Unit #: East Parcel
Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Legal Description: LOT 12 S/D OF SE4 SEC 30-2S-21 *ALSO: COM NE/C LOT 12, N 100 FT, W 164.87FT, S 100FT, E 164.87FT TO POB *LESS & EXCEPT 82.43FT E & W BY 120.58FT N & S IN SW/C LOT 12 OR 2124-13 OR 2394Â187 OR 2461-1122 OR 2638-2979 OR 2801-2394
General Property Info
Listed on GCCMLS: Yes
Office Class: Office, professional, retail, multi-family, hotel, motel
Property Information: Income producing
Vacant: No
Lot SqFt: 78375
Immediate Occupancy: No
Lot Depth: 475
CAM: 0
Lot Frontage: 165
Acreage: 1.8
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 165 foot frontage on this 1.8 acre site on Highway 98 ideally situated between Destin and Sandestin Resort, with traffic counts of approximately 50,000 per day. Five income producing units with solid tenants and gross income of $140,000. There are three buildings on this parcel one has a total area of 7,900 square feet, another with 4,950 square feet of total area and one with 3,125 square feet of total area. This is part of 6.69 acre site which is also available. Previous development order for the entire 6.89 parcel allowed for 175,000 square feet of retail and commercial. Suitable for hotel/motel, multifamily and residential.
Class
Income Producing: 1
Construction Status
Existing: 1
Income Producing
Annual Gross Income: 140000
Cap Rate: 6.4
Property Type: Office
None
Current Price: $2,500,000
Status Change Info
Status: Sold
Under Contract Date: 2016-05-01
Sold Date: 2016-08-01
Sold Price: $2,500,000
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 12607
Street Direction: W
Street Name: US HIGHWAY 98
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 30-2S-21-42290-000-0120
Property Features
Class: Income Producing
Construction Status: Existing
Listing Office: RE/MAX Coastal Properties
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.
