4477 Legendary Drive Drive, Destin, FL 32541

$2,250,000
Property Type: Commercial for Sale Status: Sold
Current Price: $2,250,000 List Date: 3/18/2025 Last Modified: 7/12/2025

Description

Class ''A'' Office Building located in within Regatta Commons Office Park. This 2 story professional office building has a beautiful curb appeal and is designed with two tenants on the ground floor and two tenant spaces on the 2nd floor. Upon opening the large wooden front door, you are greeted with a large open 2 story foyer area that is very well designed and tastefully decorated. Access to the 2nd floor can be achieved via elevator or internal stairwell. Additionally, each floor has common area restrooms for both men & women. 3 of the 4 existing tenants are on 10 year lease terms.

More Information MLS# 971440

None

Current Price: $2,250,000

Status Change Info

Status: Sold Under Contract Date: 2025-05-09 Sold Date: 2025-07-11 Sold Price: $2,250,000

Contract Info

GCCMLS Number: 38543598 List Date: 2025-03-12 List Price: $2,250,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin Street #: 4477 Street Name: Legendary Drive Street Suffix: Drive State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-2205-0000-0202; 00-2S-22-2205-0000-0101

General Property Info

Listed on GCCMLS: Yes Property Information: Class 'A' Office Building located in within Regatta Commons Office Park. This 2 story professional office building has a beautiful curb appeal and is designed with two tenants on the ground floor and two tenant spaces on the 2nd floor. Upon opening the large wooden front door, you are greeted with a large open 2 story foyer area that is very well designed and tastefully decorated. Access to the 2nd floor can be achieved via elevator or internal stairwell. Vacant: No Immediate Occupancy: No CAM: 6.76 CAM Per: Year

Income Producing

Building SqFt: 9059 Expenses: 61294 Net Operating Income: 173190 Cap Rate: 7.7 Property Type: Office

Office

Year Built: 1998 Building SqFt: 9059 Expenses: 61294 Net Operating Income: 173190 Cap Rate: 7.7 # of Units: 4

Property Features

Class: Income Producing; Office Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: July - 12 - 2025
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.

Your New property is Just a Click Away!