MLS # 931628 | $8,450,000
Miramar Beach Real Estate
Overview
- Bedrooms: 0
- Full Baths:
- Half Baths:
- Square Footage: 0
- Built: N/A
- Acreage: 0.45
Location
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1688 Scenic Gulf Drive
Miramar Beach, FL 32550
See On Map - County: Walton
- Area: 15 - Miramar/Sandestin Resort
- Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
- Subdivision:
HIGHLIGHTS
Property Type, Commercial Sales
DESCRIPTION
HUGE PRICE IMPROVEMENT! Free Standing Building. Highly desirable retail location across the road from the Gulf of Mexico. Tremendous resort visitor traffic. The owner of building occupies the majority (4574sq ft) and has 3 other tenants including national franchise Dairy Queen, Emerald Coast Beach Home Realty, and Pascali Kitchen, all lease are on the back end of their term. Owner could stay as a tenant or relocate. CAM is $34,639.35 annually. Current rent income is $248,814 annually, with owner paying well below market rent. Owner also willing to sell existing inventory if buyer wants to continue retail business. If torn down, can be built up to 3 stories. ***Owner wants to sell all 3 listings together 1200, 1688 & 2052 Scenic Gulf Dr at $18,500,000MAP & DIRECTIONS
Driving Directions: Going East on US Hwy 98 in Miramar Beach turn right on Holiday Rd and travel several blocks South toward the beaches of the Gulf of Mexico to the intersection at Scenic Gulf Drive. Turn left at the intersection and proceed East to 1688 Scenic Gulf Dr. The
Listed by Emerald Coast Realty Group | Updated 02/09/2024 11:19:16
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.