196 SW MIRACLE STRIP Parkway, Fort Walton Beach, FL 32548 (MLS# 703323)

196 SW MIRACLE STRIP Parkway, Fort Walton Beach, FL 32548

$947,000

Property Type: Commercial for Sale Status: Sold

Current Price: $995,000 List Date: 4/15/2014 Last Modified: 10/11/2024

Description

*Established Tourist Retail Destination *Short walk to Gulf of Mexico and Inter-coastal Water Way *55,000 Cars a Day During Tourist Season *Strong Demographics *Adjacent and Subject Properties Offer Potential Residential Conversion *New lease model will produce 11%-ARR with a 2014 YTD NOI of $102,000

More Information MLS# 703323

None

Current Price: $947,000

Status Change Info

Status: Sold Under Contract Date: 2014-05-29 Sold Date: 2014-08-28 Sold Price: $947,000

Contract Info

List Date: 2014-04-14 List Price: $995,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 196 Street Direction: SW Street Name: MIRACLE STRIP Street Suffix: Parkway State: FL Zip Code: 32548 County: Okaloosa Parcel ID: 24-2S-24-0000-0100-0000

General Property Info

Lot Depth: 200 CAM: 1.5 Zoning: Commercial

Income Producing

Year Built: 1940 Building SqFt: 15782 Price P/SqFt: 63 Annual Gross Income: 144205 Expenses: 64372 Net Operating Income: 79833 Cash Flow: 144205 Cap Rate: 8 Property Type: Other (See Remarks)

Property Features

Class: Income Producing Sale Type: Real Estate Owned

Listing Office: NBI Properties Inc

Last Updated: October - 11 - 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.