Property Type:
Commercial for Sale
Lot Size (sq. ft.):
31,363
Status:
Sold
Current Price:
$990,000
List Date:
3/27/2020
Last Modified:
10/12/2024
Description
Available for purchase- 14,600sf of mixed use income producing property in Destin FL with tremendous upside. This property consists of two 7,000sf (+/-) buildings with 10 units on .76 acres. Building 1 is a 7,000sf former furniture store with 4500sf of showroom and 2500sf of warehouse currently leased as two separate units. Building 2 is a 7,600sf two story brick building with 8 units (1 apartment, 6 retail / office units and 1 workshop). Current gross income is $83,580 with 90% occupancy and rental rates are well below the current market, proposed rate structure should produce net rents in excess of $110k annually, with estimated operating expenses of $2.29 per sf.
Centrally Located, New Roof 2018.
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 12 - 2024
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