1688 Scenic Gulf Dr, MIRAMAR BEACH

$8,450,000

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0 Bed
0 Bath
19,602 Sqft
.45 Acre
0 Garage

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

Essential Information

Status
Active
MLS® #
931628
Price
$8,450,000
Days On Website
235
Square Footage
19,602
Acres
0.45
Type
Commercial Sales

Community Information

Address
1688 Scenic Gulf Dr
Area
Miramar/Sandestin Resort
SubArea
02 SOUTHWEST WALTON SOUTH
City
MIRAMAR BEACH
County
WALTON
State
FL
Zip Code
32550

Exterior

Lot Description
200 x 98

Additional Information

Days on Website
235
Zoning
Commercial

Listing Details

Office
Emerald Coast Realty Group
Property History
Price Reduced from $8,650,000 to $8,450,000
Price Reduced from $8,750,000 to $8,650,000

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.

Listing information last updated on April 27th, 2024 at 9:45am CDT.