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

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

Contract Info

GCCMLS Number: 30459607 List Date: 2021-09-08 List Price: $3,500,000 Listing Board: Emerald Coast

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

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: Yes Acreage: 1.53 Lot Frontage: 160 Lot Depth: 390 Zoning: Coastal Center

Income Producing

Year Built: 1994 Building SqFt: 25235 Property Type: Retail

Retail

Year Built: 1994 Building SqFt: 25235 Price P/SqFt: 158.51 Expenses: 0.81 # of Units: 1 Property Type: Freestanding

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© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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