211 Main Street, Destin, FL 32541

$925,000
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.

More Information MLS# 843642

None

Current Price: $925,000

Status Change Info

Status: Sold Under Contract Date: 2020-07-21 Sold Date: 2020-10-16 Sold Price: $925,000

Contract Info

GCCMLS Number: 30589560 List Date: 2020-02-24 List Price: $990,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin Street #: 211 Street Name: Main Street Suffix: Street State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-1350-000A-0060

General Property Info

Listed on GCCMLS: Yes Acreage: 0.72

Income Producing

Property Type: Retail

Retail

Year Built: 1986 Building SqFt: 14600 # of Units: 10

Property Features

Class: Income Producing; Retail Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 12 - 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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