12555 W US HIGHWAY 98, Miramar Beach, FL 32550 (MLS# 754433)

Description

Prime in-line retail plaza located in Miramar Beach fronting Highway 98 adjacent to the CVS Drugstore, joined by a contiguous parking lot and drive, and with access to a traffic light at Holiday Rd. and Hwy. 98! This shopping center exhibits a high quality, modernized image and offers a desirable site plan for the convenience of patrons, which appeals to tenants, as well as logistically offering convenience for deliveries through its rear loaded nature that is not commonly found in many plazas along Highway 98! Buyer must verify all details, income, and specifications.

Contract Info

Listing Board: Emerald Coast List Date: 2016-06-08 List Price: $3,050,000

Location, Tax and Legal

Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort Property Name: North Beach Shopping Centre Legal Description: LOT 11 S/D OF SE1/4 SEC 30-2S-21 OR 109-107 OR 2266-125 AND ALSO: BEG NW/C OF GOVT LOT 11, N 00 DEG 00'00'' E ALONG NLY EXT OF W LINE 100 FT TO S R/W LINE OF US HWY 98, S 89 DEG 54'03'' E ALONG R/W LINE 164.73 FT TO ITS INT WITH NLY EXT OF E LINE OF LOT 11, DEPARTING R/W LINE S 00 DEG 02'00'' E ALONG EXT TO NE/C OF LOT 11, N 89 DEG 54'03'' W ALONG N BDRY LINE OF LOT 11 164.79 FT TO POB. OR 2266-12

General Property Info

Listed on GCCMLS: No Description: Hackmeyer Destin Venture, LLC Property Information: please contact broker for further details Vacant: No Lot SqFt: 71003 Immediate Occupancy: No Lot Depth: 430 Zoning: COMMERCIAL Lot Frontage: 165 Future Land Use: COASTAL CENTER MIXED USE Acreage: 1.63

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Prime in-line retail plaza located in Miramar Beach fronting Highway 98 adjacent to the CVS Drugstore, joined by a contiguous parking lot and drive, and with access to a traffic light at Holiday Rd. and Hwy. 98! This shopping center exhibits a high quality, modernized image and offers a desirable site plan for the convenience of patrons, which appeals to tenants, as well as logistically offering convenience for deliveries through its rear loaded nature that is not commonly found in many plazas along Highway 98! Buyer must verify all details, income, and specifications.

Class

Retail: 1

Construction Status

Existing: 1

Retail

Property Type: Strip Center Year Built: 2004 Building SqFt: 16126 Price P/SqFt: 189 Net Operating Income: 220000 Cap Rate: 7 # of Units: 4

None

Current Price: $2,785,000

Status Change Info

Status: Sold Under Contract Date: 2016-08-30 Sold Date: 2016-10-26 Sold Price: $2,785,000

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 12555 Street Direction: W Street Name: US HIGHWAY 98 State: FL Zip Code: 32550 County: Walton Parcel ID: 30-2S-21-42290-000-0110

Property Features

Class: Retail Construction Status: Existing