12500 Emerald Coast Parkway, Miramar Beach, FL 32550

$2,850,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 66,647 Status: Sold
Current Price: $3,500,000 List Date: 11/22/2021 Last Modified: 10/13/2024

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.

More Information MLS# 881273

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.