11394 W Us Highway 98, Miramar Beach, FL 32550

$7,965,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 84,071 Status: Sold
Current Price: $8,300,000 List Date: 8/23/2018 Last Modified: 10/12/2024

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.

More Information MLS# 805889

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.