12889 W Us Highway 98 STE 105B, Miramar Beach, FL 32550 (MLS# 978255)

Contract Info

GCCMLS Number: 42744405 Listing Board: Emerald Coast List Date: 2025-06-05 List Price: $495,000

Location, Tax and Legal

Unit #: STE 105B Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort Property Name: Miramar Plaza Legal Description: UT 105B MIRAMAR PLAZA COMM CONDO OR 2322-132

General Property Info

Listed on GCCMLS: Yes Property Information: Prime Commercial Space in the Heart of Miramar Beach. Position your business for success with this highly visible commercial space located directly on US Highway 98 in Miramar Beach. Situated in a bustling area with heavy daily traffic, this property offers excellent exposure and accessibility for both locals and visitors along the Emerald Coast. Unit has 1716 SF of space presently occupied by restaurant with lease. Gross rent $43,200 annually with tenant paying utilites and maintenance. Vacant: No Immediate Occupancy: No CAM: 950 CAM Per: Month Zoning: Condo Comm Acreage: 0.03

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Great investment opportunity to own commercial retail condo in Miramar Plaza on US Hwy 98 in Miramar Beach across from McDonald's and the new Botanic Apartments. Unit 105B has 1716 SF of space presently occupied by restaurant with lease. Gross rent $43,200 annually with tenant paying utilites and maintenance. Owner pays insurance, taxes and CAM fee. Tenant has first right of refusal for purchase. See general notes under documents tab

Sale Type

Real Estate Owned: 1

Class

Income Producing: 1 Retail: 1

Construction Status

Existing: 1

Retail

# of Units: 1

Income Producing

Year Built: 2000 Building SqFt: 1716 Price P/SqFt: 288.46 Annual Gross Income: 43200 Expenses: 16153 Net Operating Income: 27046 Cap Rate: 5.75 Property Type: Restaurant

None

Current Price: $495,000

Status Change Info

Status: Pending Under Contract Date: 2025-11-21

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 12889 Street Direction: W Street Name: Us Highway 98 State: FL Zip Code: 32550 County: Walton Parcel ID: 30-2S-21-42296-00B-0105

Property Features

Class: Income Producing; Retail Construction Status: Existing Sale Type: Real Estate Owned