3999 Commons Drive West P, Destin, FL 32541

$215,000
Property Type: Commercial for Sale Status: Sold
Current Price: $225,000 List Date: 3/14/2023 Last Modified: 10/13/2024

Description

1296 SF Professional office space located in Central Destin along Commons Drive. This office complex is well positioned in the market area and much easier to access than most offices along Highway 98. The office space is located on the 2nd Floor, east end cap. It can entered via an exterior stairwell or interior elevator. The space consists of a warm reception area, 4 executive offices, 1 conference room, kitchen area & restroom. The two rear offices are significantly larger and also has built-in closets. The space recently had a new HVAC installed. The space has a tenant in place currently with a lease that expires on May 31, 2023. The tenant is currently paying $1800 per month plus sales tax. Association Dues here are very low at $250/month. Property taxes were $1400 last year.

More Information MLS# 917047

None

Current Price: $215,000

Status Change Info

Status: Sold Under Contract Date: 2023-04-04 Sold Date: 2023-05-01 Sold Price: $215,000

Contract Info

GCCMLS Number: 30833911 List Date: 2023-02-15 List Price: $225,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin Street #: 3999 Street Name: Commons Drive West State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-1007-3999-000P

General Property Info

Listed on GCCMLS: Yes Property Information: 1296 SF Professional office space located in central Destin along Commons Drive. This office complex is well positioned in the market area with great access on & off of Commons Drive. This office condo is located on the 2nd floor, east end cap. It is adjacent to a stairwell, the office building has an elevator as well. The space consists of a warm reception area, 4 executive offices, 1 conference room, kitchen & restroom. Vacant: No Immediate Occupancy: No CAM: 250 CAM Per: Month

Income Producing

Building SqFt: 1296 Net Operating Income: 17200 Cap Rate: 7.6 Property Type: Office

Office

Unit SqFt: 1296 Net Operating Income: 17200 Cap Rate: 7.6 # of Units: 1

Property Features

Class: Income Producing; Office Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 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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