1688 Scenic Gulf Drive, Miramar Beach, FL 32550

  • $8,450,000
  • $8,650,000
1688 Scenic Gulf Drive, Miramar Beach, FL 32550
Active Existing

1688 Scenic Gulf Drive, Miramar Beach, FL 32550

1688 Scenic Gulf Drive, Miramar Beach, FL 32550
  • $8,450,000
  • $8,650,000

Overview

  • Commercial For Sale
  • Property Type
  • 931628
  • MLS#

Description

HUGE PRICE IMPROVEMENT! Free Standing Building. Highly desirable retail location across the road from the Gulf of Mexico. Tremendous resort visitor traffic. The owner of building occupies the majority (4574sq ft) and has 3 other tenants including national franchise Dairy Queen, Emerald Coast Beach Home Realty, and Pascali Kitchen, all lease are on the back end of their term. Owner could stay as a tenant or relocate. CAM is $34,639.35 annually. Current rent income is $248,814 annually, with owner paying well below market rent. Owner also willing to sell existing inventory if buyer wants to continue retail business. If torn down, can be built up to 3 stories. ***Owner wants to sell all 3 listings together 1200, 1688 & 2052 Scenic Gulf Dr at $18,500,000

  • Address 1688 Scenic Gulf Drive
  • City Miramar Beach
  • State/county FL
  • Zip/Postal Code 32550

Details

Updated on August 13, 2024 at 6:36 pm
  • Property ID: HZ931628
  • Price: $8,450,000
  • Land Area: 0.45 Acres
  • Garage Size: x x
  • Property Type: Commercial For Sale
  • Property Status: Active
  • MLS#: 931628

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

What's Nearby?

Contact Information

View Listings
Beach Sunsets Realty

Enquire About This Property

Compare listings

Compare
Beach Sunsets Realty
  • Beach Sunsets Realty